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Oil stocks sharply higher after US action in Venezuela

U.S. plans to rebuild Venezuela's energy sector boost shares of major oil companies by up to 7.8%, driven by access to 17% of the world's proven oil reserves, analysts said.

  • On Jan 5, Wall Street opened higher as stocks rose in morning trading led by energy and technology companies, with the Dow Jones Industrial Average climbing 504 points by 10:01 a.m. Eastern.
  • On January 3, 2026, U.S. Special Forces captured Venezuelan President Nicolas Maduro and flew him to New York, while President Donald Trump said the U.S. would `run` Venezuela temporarily.
  • U.S. crude futures rose 1.3% to $58.07 per barrel and Brent crude climbed 1.1% to $61.43 as SLB and Halliburton jumped 7%–8%, with refiners up 5%–6%.
  • Boosting output will require years and millions of dollars in infrastructure and investment, as Venezuela's oil output could double or triple, with JPMorgan projecting 2.5 mbd over a decade.
  • On Jan 5 Reuters noted the capture removes an ally from Vladimir Putin and could strengthen U.S. oil clout, while Russian state media called it a U.S. kidnapping and Michael Burry said the 'game just changed'.
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Asian shares and US futures advance and oil prices fall back

Asian shares and U.S. futures have advanced after stocks closed higher on Wall Street. Oil prices fell back after gaining Monday following the capture by U.S. forces of Venezuelan President Nicolas Maduro in a weekend raid. Tokyo's Nikkei 225 is…

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El Economista broke the news in on Sunday, January 4, 2026.
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