A possible president, Kamala Harris, might not be very friendly to oil companies. She might want to use more clean energy, like wind and solar power, instead of oil. This makes some people worried about the oil companies and their stock prices. They are also more interested in buying stocks of companies that make clean energy. Read from source...

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oil stocks may be affected by Kamala Harris's potential presidential run. She has a history of supporting environmental policies that could negatively impact fossil fuel companies. Renewable energy ETFs are rising as investors anticipate a greener future under a Harris administration. The market's reaction highlights the sensitivity of oil stocks to political developments, especially those that could significantly alter the energy sector's landscape.