Stock Futures Mixed, Little Changed After Dow Sets New All-Time High

Trump Claims U.S. Will ‘Fix’ Venezuela’s Oil Industry, But Experts Warn of Major Challenges

7 minutes ago

President Donald Trump says the U.S. will revive Venezuela’s ailing oil industry, but experts see towering economic and legal obstacles to a quick turnaround.

President Trump, after announcing the U.S. capture of Venezuelan President Nicolás Maduro on Saturday morning, said American oil majors would “go in” and “spend billions of dollars” to “fix the badly broken infrastructure” of Venezuela’s oil industry. 

The stocks of U.S. crude oil producers, refiners, and oilfield service providers were all sharply higher on Monday as investors sized up their opportunity to exploit the world’s largest known oil reserves. Chevron (CVX) shares jumped 5% to pace gainers on the Dow Jones Industrial Average, which closed at a record high.

Venezuela sits on an estimated 300 billion barrels of oil, or nearly 20% of global supply. But years of economic turmoil, corruption and U.S. sanctions have decimated Venezuela’s oil industry. In 2024, the country produced about 900,000 barrels per day, down from nearly 3.5 million in 1997.

Read the full article here.

–Colin Laidley

Stock Futures Mixed, Little Changed After Dow Sets All-Time High

45 minutes ago

Futures contracts associated with the Dow Jones Industrial Average were 0.2% lower.

S&P 500 futures were down fractionally.

Nasdaq 100 futures ticked 0.1% higher.