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Changes in US stocks | WTI crude oil futures fell more than 6%, and oil stocks generally fell

Zhitongcaijing·11/02/2026 14:41:20
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The Zhitong Finance App learned that oil stocks generally fell on Monday, with ConocoPhillips (COP.US) down 2.68%, Occidental Petroleum (OXY.US) down 2.56%, Petrobras (PBR.US) down 2.26%, ExxonMobil (XOM.US) 2.11%, British Petroleum (BP.US) down 1.96%, and Chevron (CVX.US) down 1.49%. Brent crude oil and US WTI crude oil futures extended their decline, both falling more than 6%. Market expectations for the progress of US-Iran diplomacy are heating up, and the geopolitical risk premium accumulated in previous weeks due to the ongoing tension in the Strait of Hormuz has been released. The market is hoping to reach an agreement to end the war with Iran.

According to the news, according to reports, Trump is inclined to allow more time for diplomatic mediation with Iraq and suspend the launch of a new round of military action. On November 2, local time, Iranian Foreign Minister Alagzi said that if the US accepts our terms, the Strait of Hormuz will be reopened and negotiations will resume.