Crude Price Reflected in Companies’ Stock Prices

[Yachts 0]

Why,  when the price of crude oil has reached recent highs, have the stock prices of companies such as Exxon, Chevron and Occidental been falling the past few days?

 

Granted Occidental was pushed out of the S&P 100, but the other companies have fallen too. 

All insights appreciated.

[Yachts 0]

Selling to make room for Tesla in the S&P 500 and 100?

“S&P Dow Jones Indices, which decides the 500 components that make up the S&P 500, just over a month ago announced that Tesla would be added to the stock index on Dec. 21. Tesla shares are up 61% from the day of the announcement. Billions of stocks in other companies were sold in Friday’s session to make room for its inclusion, said Cramer, who has been bullish on the company.”

 

[Yachts 0]

I still don’t get it. Oil companies’ stock prices have still been falling, while oil prices are  strong.