BUZZ-Energy firms gain as Trump's Venezuela blockade stokes uncertainty

Reuters
2025.12.17 14:22
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U.S. energy firms' stocks rise in premarket trading due to increased crude prices, following President Trump's blockade of Venezuelan oil tankers. Brent crude futures rose 1.7% to $59.91/barrel, and U.S. West Texas Intermediate crude increased 1.8% to $56.24/barrel. Exxon, Chevron, ConocoPhillips, EQT Corp, and Occidental Petroleum saw stock gains, along with oilfield services firm Halliburton and refiners Valero Energy and Marathon Petroleum.