TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Biggest Surprise Of 2026 So Far? Oil Stocks

Benzinga Logo Benzinga By Erica Kollmann
Biggest Surprise Of 2026 So Far? Oil Stocks

The oil sector surged on January 5, 2026, following the U.S. military capture of Venezuelan President Nicolás Maduro and President Trump's pledge to unlock Venezuela's vast oil reserves. Energy stocks, which ended 2025 as a beaten-down sector, saw broad-based gains with companies having regional presence or service capabilities leading the rally. However, some analysts warn that increased Venezuelan crude output could suppress oil prices long-term.

Insights
CVX   positive

Up over 6% in early trading as the only major U.S. firm with continuous presence in Venezuela, positioned as 'first mover' for immediate production expansion.