Markets

Energy stocks rise on hopes Trump will tap Venezuela's vast oil reserves

January 5, 2026

Energy stocks surged on Monday following the U. S. capture of Venezuela's former leader Nicolás Maduro, with investors optimistic about tapping into the country's vast oil reserves. Chevron's shares rose significantly, reflecting the potential for increased oil exports, while broader market reactions included gains in precious metals and defense stocks due to heightened geopolitical concerns.

Energy stocks rise on hopes Trump will tap Venezuela's vast oil reserves

Credit: Nbcnews

Key Highlights

Chevron shares surged up to 10% after the capture of Maduro.
The U. S. crude oil price increased nearly 2% amid market optimism.
Other oil companies like ConocoPhillips and Exxon also saw share gains.
Precious metal prices rose, with gold increasing by about 1.9%.

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Energy stocks rise on hopes Trump will tap Venezuela's vast oil reserves

Key Highlights

Sources

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