US EditionStock Futures Flat After Dow Record; Trump Team Reportedly Set To Meet Oil Executives On Venezuela - ConocoPhillips (NYSE:COP), Chevron (NYSE:CVX)
Oil prices rose over 1% and major U.S. oil stocks gained after Venezuelan President Maduro was captured in a raid, sparking hopes for renewed oil sector access.
- Saturday, U.S. forces raided Caracas, capturing and removing President Nicolas Maduro and his wife to face trial in New York City.
- President Donald Trump framed the operation around Venezuela's oil reserves, urging U.S. oil companies to rebuild the sector despite a blockade by unregistered 'dark fleet' tankers.
- Brent and U.S. crude climbed as WTI crude rose to nearly $58, the February crude oil contract was up $1.00 at $58.32, and Chevron and Exxon Mobil posted double-digit sector gains.
- On Monday, markets closed with the S&P 500 up 43.58 points to 6,902.05 and the Dow Jones Industrial Average up 594.79 points to a record 48,977.18, while gold gained 2.8% and silver soared 7.9%.
- Despite rich reserves, current output about 1.1 million barrels a day limits Venezuela's market share to about one percent, though its proven crude reserves of roughly 303 billion barrels could support major expansion.
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20 Articles
Stock Market Today: Dow Jones Futures Drop After Scaling Record Highs— CoreWeave, Vistra, Microchip Technology In Focus
U.S. stock futures were mixed on Tuesday after a higher close on Monday. On Monday, Overall, U.S. markets finished higher—with the Dow Jones jumping nearly 600 points to a fresh all-time high—following weekend raids in Venezuela that resulted in the capture of President Nicolás Maduro. ...
Washington. Donald Trump’s government did not consult oil companies Exxon Mobil, ConocoPhillips or Chevron Corp about Venezuela before or after their forces kidnapped President Nicolás Maduro on January 3, according to four industry executives familiar with the issue.
US strikes on Venezuela unlikely to impact oil market: Former Chief Economic Adviser Arvind Subramanian
Former Chief Economic Adviser Arvind Subramanian stated that US strikes on Venezuela are unlikely to significantly impact the global oil market. He noted that prevailing market opinion suggests limited consequences for oil prices, indicating no major disruption to supply or pricing. This comes after the US captured Venezuelan President Nicolas Maduro and his wife following escalating tensions.
Stock Futures Flat After Dow Record; Trump Team Reportedly Set To Meet Oil Executives On Venezuela - ConocoPhillips (NYSE:COP), Chevron (NYSE:CVX)
U.S. stock futures are largely unchanged on Monday evening, after markets rallied during the regular session, in response to the raids against Venezuela over the weekend, which culminated in the capture of the country's President Nicolás Maduro.
Dow Hits Record High After Venezuela Raid
Stocks closed higher on Wall Street on Monday, led by a mix of energy companies and banks. The S&P 500 rose 43.58 points, or 0.6%, to 6,902.05. The Dow Jones Industrial Average rose 594.79 points, or 1.2%, to a record high of 48,977....
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