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News  ›  Benzinga

Valero Energy Stock Climbs On Reports Of Indefinite Venezuelan Oil Flows And Eased Sanctions

Benzinga Logo Benzinga By Evette Mitkov
Valero Energy Stock Climbs On Reports Of Indefinite Venezuelan Oil Flows And Eased Sanctions

Valero Energy (VLO) shares rose 3.39% following reports that the Trump administration will ease Venezuelan oil sanctions and resume indefinite crude shipments to the U.S., with initial shipments of 30-50 million barrels. The stock is trading near its 52-week high with strong bullish technical indicators including a golden cross and positive MACD momentum.

Insights
BACpE   neutral

Berkshire reduced its position by 6%, indicating a modest portfolio adjustment without strong negative or positive signals


VLO   positive

Stock price increased 3.39% on news of resumed Venezuelan oil flows and eased sanctions, which directly benefits the refining business. Technical indicators show strong bullish momentum with the stock trading above all major moving averages, near its 52-week high, and with a golden cross pattern indicating sustained uptrend. The company stands to benefit from increased crude oil supply for refining operations.