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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.
Natural gas and oil forecast: Houthi strikes put oil on track for a fourth monthly gain as Brent eyes $114.37, WTI tests $103.94 and NG slips toward $2.80.
Oil prices gained in early Asia trade after settling lower on hopes of U.S.-Iran talks.
WTI crude oil consolidates in a symmetrical triangle near recent highs, with a breakout potentially opening the way toward $120 while a breakdown risks a test of moving-average support.