Energy stocks set for a choppy week as oil steadies and Venezuela supply talk builds
U.S. energy stocks ended Friday mixed as Brent crude rose 0.6% to $64.13 and WTI gained 0.4% to $59.44. Chevron’s Venezuela license talks resurfaced, with the U.S. government seeking to expand terms. The Department of Energy denied plans to use Venezuelan oil for the Strategic Petroleum Reserve. Exxon added 0.6%, Chevron edged up, and ConocoPhillips slipped 0.8%.