US energy shares hand back almost all of October
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What the chart shows
Energy shares were the weakest part of the American market last week. XLE, the exchange-traded fund that tracks the energy companies in America's main share index, ended Friday at 61.62 a share. A week earlier it closed at 70.02, and Friday's close was its lowest since 30 September.
The chart starts in late August. Through October the line climbs as investors priced the risk that Iran's oil would stay off the market. It turns on 2 November, the day Iran and the United States signalled they would rather talk, and every session that week closed lower than the one before.
Cheaper oil should show up in this week's US inflation figures well before it shows up in any oil company's dividend.
The story behind it
Energy stocks had their worst week since April 2025 as the war premium drained out of oil Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →The numbers
Daily closes of XLE, the fund tracking the energy companies in the main US share index, in US$ a share, 28 August to 6 November 2026: 70.02 on 30 October, 61.62 on 6 November.
| XLE, US energy sector fund, daily close (US$) | |
|---|---|
| 28 Aug 2026 | US$62.31 |
| 31 Aug 2026 | US$63.58 |
| 1 Sep 2026 | US$64.39 |
| 2 Sep 2026 | US$64.72 |
| 3 Sep 2026 | US$64.24 |
| 4 Sep 2026 | US$63.68 |
| 8 Sep 2026 | US$64.39 |
| 9 Sep 2026 | US$64.92 |
| 10 Sep 2026 | US$64.55 |
| 11 Sep 2026 | US$64.75 |
| 14 Sep 2026 | US$64.15 |
| 15 Sep 2026 | US$65.54 |
| 16 Sep 2026 | US$63.65 |
| 17 Sep 2026 | US$64.10 |
| 18 Sep 2026 | US$63.93 |
| 21 Sep 2026 | US$62.46 |
| 22 Sep 2026 | US$61.78 |
| 23 Sep 2026 | US$62.37 |
| 24 Sep 2026 | US$62.60 |
| 25 Sep 2026 | US$62.04 |
| 28 Sep 2026 | US$62.10 |
| 29 Sep 2026 | US$61.54 |
| 30 Sep 2026 | US$61.50 |
| 1 Oct 2026 | US$62.70 |
| 2 Oct 2026 | US$62.82 |
| 5 Oct 2026 | US$63.45 |
| 6 Oct 2026 | US$63.75 |
| 7 Oct 2026 | US$63.36 |
| 8 Oct 2026 | US$65.24 |
| 9 Oct 2026 | US$65.08 |
| 12 Oct 2026 | US$66.01 |
| 13 Oct 2026 | US$67.20 |
| 14 Oct 2026 | US$67.63 |
| 15 Oct 2026 | US$66.56 |
| 16 Oct 2026 | US$68.24 |
| 19 Oct 2026 | US$67.80 |
| 20 Oct 2026 | US$67.97 |
| 21 Oct 2026 | US$68.16 |
| 22 Oct 2026 | US$67.57 |
| 23 Oct 2026 | US$69.33 |
| 26 Oct 2026 | US$69.64 |
| 27 Oct 2026 | US$68.21 |
| 28 Oct 2026 | US$68.45 |
| 29 Oct 2026 | US$68.71 |
| 30 Oct 2026 | US$70.02 |
| 2 Nov 2026 | US$67.25 |
| 3 Nov 2026 | US$66.68 |
| 4 Nov 2026 | US$63.52 |
| 5 Nov 2026 | US$61.63 |
| 6 Nov 2026 | US$61.62 |
50 rows: scroll the table for the rest.
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.