Energy firms gain as Trump's Venezuela blockade stokes uncertainty
ReutersDec 17, 2025 2:22 PM
U.S. energy firms rise in premarket trading, tracking an increase in crude prices O/R
Brent crude futures LCOc1 up 1.7% at $59.91/barrel; U.S. West Texas Intermediate crude CLc1 rise 1.8% to $56.24/barrel
Prices rose after U.S. President Donald Trump ordered a complete blockade of all sanctioned oil tankers entering and leaving Venezuela, raising global political tensions at a time of concerns over demand
Oil majors Exxon XOM.N and Chevron CVX.N up 0.9% each
ConocoPhillips COP.N up 1.2%, EQT Corp EQT.N rise 1.3% and Occidental Petroleum OXY.N gains 1%
Oilfield services firm Halliburton HAL.N up 0.4%
Refiners Valero Energy VLO.N and Marathon Petroleum MPC.N up 0.4% and 0.5% each
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
National Debt Bomb Ignited? Musk Warns U.S. Will Be 1000% Bankrupt Without AI
TradingKey - Tesla (TSLA) CEO Elon Musk recently issued another warning regarding the rapidly ballooning U.S. national debt. He stated clearly that without artificial intelligence and robotics, the United States will inevitably head toward fiscal bankruptcy.TradingKey
8 hours ago
Why Sanae Takaichi Winning Japan’s Diet Election Led to a Surge in Japanese Stock Indices？
TradingKey - Reports indicate that the ruling coalition led by Japanese Prime Minister Sanae Takaichi has secured a single-party majority in the parliamentary elections held on Sunday (February 8). Following the news, the yen weakened slightly, while the Nikkei Index surpassed 57,000 for the first tTradingKey
9 hours ago
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
