Oil jumps 2% as Trump's Venezuela blockade stokes uncertainty [CNBC]
Chevron Corporation (CVX)
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Source: CNBC
Sharply_done | E+ | Getty Images Oil prices rallied more than 2% on Wednesday after U.S. President Donald Trump ordered a complete blockade of all sanctioned oil tankers entering and leaving Venezuela, raising geopolitical tensions at a time of concerns over demand. Brent crude futures were up $1.41, or 2.4%, at $60.33 a barrel at 1018 GMT, while U.S. West Texas Intermediate crude rose $1.42, or 2.6%, to $56.69 a barrel. Oil prices settled near five-year lows in the previous session on progress in Russia-Ukraine peace talks, as a deal may see Western sanctions on Moscow eased, freeing up supply even as the market grapples with fragile global demand. Trump on Tuesday ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, adding that he now regarded the nation's rulers as a foreign terrorist organisation. “Russian risks are well telegraphed, but there are clear risks to the Venezuelan oil supply,” ING analyst Warren Patterson said. Trump's comments
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News
- U.S. Futures, Global Markets Rise as Commodities Spurred by Trump's Venezuela Blockade [Yahoo! Finance]Yahoo! Finance
- Trump Revised Chevron’s Venezuela Deal. Maduro’s Oil Trader Profited. [The New York Times]The New York Times
- Oil Gains After Trump Orders Blockade of Tankers Off Venezuela [Yahoo! Finance]Yahoo! Finance
- Oil Gains After Trump Orders Blockade of Tankers Off Venezuela [Yahoo! Finance Canada]Yahoo! Finance Canada
- Oil jumps over 1% as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela [CNBC]CNBC
CVX
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- 10/31/25 - Beat
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- 12/9/25 - Form 8-K
- 12/8/25 - Form 3
- 12/8/25 - Form 3
- CVX's page on the SEC website