Venezuela oil deal puts Chevron, Valero and PBF in focus before the U.S. open
Chevron dropped 4.4% in premarket trading after Trump announced a deal to import up to $2 billion of Venezuelan crude. U.S. refiners and Canadian producers also fell, while Baker Hughes rose 0.6%. Gulf Coast heavy-crude differentials slipped about 50 cents. Oil prices extended declines, with Brent at $60.35 and WTI at $56.61.