Oil bounces after its worst 3-day drop since 2021, but energy stocks aren't joining in
FROM THE WIRE · FINANCE.YAHOO.COM
Almost everything on Wall Street is in the red Thursday, and oil is one of the few exceptions. WTI crude is up about 2% after its worst three-day drop since late 2021, and energy stocks aren't joining the bounce. WTI futures (CL=F) fell 15% from their Oct. 30 settle above $104…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralOil and the S&P 500 have moved in opposite directions more often in 2026, making crude a key driver for Wall Street.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01WTI crude is up about 2% after its worst three-day drop since late 2021.
- 02WTI fell 15% from above $104 on Oct. 30 to near $88 on Nov. 4.
- 03The daily correlation between oil and the S&P 500 is -0.44.
- 04Energy stocks are not joining the crude bounce.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Exxon Mobil Corporation167.60 USD-0.58%today -0.99%Neutral Chevron Corporation215.67 USD-0.38%today -0.59%Neutral S&P 5007,373.83-0.18%today -4.09%Negative Crude Oil WTI90.77 USD+0.78%today +3.01%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets