Energy stocks rise on hopes Trump will tap Venezuela's vast oil reserves
NBC News••general
Key Points:
- Energy stocks surged on Monday, driven by optimism that President Trump's plan to exploit Venezuela's vast oil reserves will proceed following the U.S. capture of Nicolás Maduro; Chevron shares rose as much as 10% and traded around 5% higher.
- Oil prices increased by about 1.6%, with both West Texas Intermediate and Brent crude rising over $1, while broader U.S. stock indexes also advanced, with the Dow Jones Industrial Average climbing 1.7%.
- Investors showed confidence despite geopolitical tensions, with energy, financials, and consumer discretionary sectors rallying; international markets in Germany, the U.K., Italy, Australia, Japan, and Hong Kong also gained.
- Shares of major oil companies like Exxon Mobil and Conoco
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