US energy stocks rise as Trump vows to unlock Venezuela’s oil
Oil price rises despite fears US president’s pledge could deepen global supply glutBig oil will be wary of rushing back to VenezuelaVenezuela crisis - latest updatesUS energy stocks rose on Monday, briefly hitting an all-time high, after Donald Trump promised to unlock Venezuela’s vast crude oil reserves following the US capture of the country’s president, Nicolás Maduro.Shares in Chevron, which already operates in Venezuela under a special licence provided by the Trump administration, were up 5% on Wall Street. Exxon Mobil was up 2.2%, while Halliburton, which provides products and services to the oil and gas sector, jumped 7.8%. The gains helped push the Dow Jones index above 49,000 for the first time. It ended the day just short of its new record. Continue reading...
Oil price rises despite fears US president’s pledge could deepen global supply glut
US energy stocks rose on Monday, briefly hitting an all-time high, after Donald Trump promised to unlock Venezuela’s vast crude oil reserves following the US capture of the country’s president, Nicolás Maduro.
Shares in Chevron, which already operates in Venezuela under a special licence provided by the Trump administration, were up 5% on Wall Street. Exxon Mobil was up 2.2%, while Halliburton, which provides products and services to the oil and gas sector, jumped 7.8%. The gains helped push the Dow Jones index above 49,000 for the first time. It ended the day just short of its new record. Continue reading...
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