BUZZ-Oil stocks rally as US pushes oil majors to invest big in Venezuela
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Shares of energy companies surged in premarket trading following U.S. military intervention in Venezuela, with Trump advocating for "total access" to the country's oil reserves. Notable gains included SLB up 9.3%, Halliburton up 10.4%, and Exxon Mobil up 4.6%. Analysts suggest ConocoPhillips could benefit significantly from a political shift, potentially receiving $10 billion for past claims. JP Morgan forecasts that U.S. oil reserves could increase to 30% of global reserves with new investments and reforms, projecting output to rise to 2.5 million barrels/day over the next decade.
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