Crude oil rebounds, but Exxon stock and USO ETF slip in premarket as Venezuela headlines bite
NEW YORK, Jan 8, 2026, 07:06 (EST) — Premarket U.S. oil-linked exchange-traded fund United States Oil Fund (USO) fell about 1% in premarket trade on Thursday, while Exxon Mobil was down about 2% and Chevron eased less than 1%. The early drift matters because crude is trying to steady after a rough two-session slide, and oil equities are heading into earnings season with little cushion if prices wobble again. Washington’s moves around Venezuela and Russia sanctions are landing on top of basic supply-and-demand signals from U.S. inventories. Brent and U.S. crude benchmarks were higher in Europe. Brent was up 59