US energy stocks rise as Trump vows to unlock Venezuela oil

<p>Oil price dips and then flattens amid fears US president’s pledge could deepen global supply glut</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/jan/05/gold-price-defence-shares-us-venezuela-maduro-oil-business-live-news-updates">Business live – latest updates</a></p></li><li><p><a href="https://www.theguardian.com/world/live/2026/jan/05/venezuela-live-updates-trump-us-interim-president-collaborate">Venezuela crisis - latest updates</a></p></li></ul><p>US energy stocks surged in pre-market trading on Monday, as Donald Trump pledged to unlock Venezuela’s vast crude oil reserves after the US capture of the country’s president, Nicolás Maduro.</p><p>Shares in Chevron, which already operates in Venezuela under a special licence provided by the Trump administration, were up 7% in pre-market trading. Exxon Mobil was up 3.7%, while Halliburton, which provides products and services to the oil and gas sector, jumped by as much as 9%.</p> <a href="https://www.theguardian.com/business/2026/jan/05/oil-price-dips-venezuela">Continue reading...</a>