US Oil Stocks Surge Amidst Reports of Venezuelan Leadership Change and US Investment Plans
1 day agoBusiness
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US Oil Stocks Surge Amidst Reports of Venezuelan Leadership Change and US Investment Plans

US oil companies, including Chevron and Exxon Mobil, saw significant stock gains, up to 10%, following reports of the US military capturing Venezuelan President Nicolas Maduro and his subsequent ouster. President Trump announced plans for the US to "run" Venezuela, with US oil firms investing to revive infrastructure and boost output. This development aims to increase crude flows to the US and global markets.

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