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ExxonMobil and Chevron posted massive quarterly profits as Middle East and Russia-Ukraine conflicts drove gas prices up 34.2% year over year.
According to recent reports, President Trump was briefed about military options against Iran.
WTI and Brent continue to attract dip buyers despite mixed inventory signals, with WTI facing resistance near $105 and Brent testing the potential for a move above $120.
Oil giants Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) are both hitting record highs today after reporting better-than-expected third-quarter results.
WTI approaches $105–$106.50 resistance while Brent trades between $108 and $117, as falling crude inventories support prices despite mixed demand signals.
Sarah Hunt of Alpine Woods Capital Investment talks about selloff in tech stocks and earnings from oil giants Exxon and Chevron. She says even though some parts of the economy are doing well, some investors are still nervous about artificial intelligence.
Crude oil holds near monthly highs as a Hormuz tanker attack revives supply-risk concerns, while WTI and Brent test key breakout levels.
BP (NYSE:BP | BP Price Prediction) reported on October 30, 2026 that its third-quarter underlying replacement cost profit came in at $8.5 billion. BP uses that figure as its stand-in for net profit.
SEC filings for DBO aren't indexed yet (common for recently launched funds). Browse the issuer's filings on SEC EDGAR directly.