Energy equities unwound the war premium by July 1: XOM closed 136.28, CVX 165.69, and XLE 52.81 - all well below their mid-May levels (XOM ~158, CVX ~191, XLE ~59) - as crude collapsed to the high-$60s.
Provenance — node opacity = source trust
- Evidence Strength
Strong- Evidence Observed At
- Jul 1, 2026 · 8:00 PM UTC
- Citation
- https://www.cnbc.com/2026/07/01/stock-market-today-live-updates.html
- Citation Source
cnbc- Market Metric
Close Price- Observed Value
- 52.81
- About Security
Energy Select Sector SPDR Fund