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Energy Sector News 5 January 2026 - 7 January 2026

Oil stocks, USO ETF slide in premarket as Trump Venezuela crude plan stirs supply fears

Oil stocks, USO ETF slide in premarket as Trump Venezuela crude plan stirs supply fears

Exxon Mobil fell 3.4% and Chevron dropped 4.4% in premarket trading Wednesday as oil prices slid after the U.S. agreed to import up to $2 billion in Venezuelan crude. Oil-linked ETFs USO and XOP also traded lower. Brent crude was at $60.59 a barrel. Investors await U.S. inventory data at 10:30 a.m. ET and a White House meeting with oil executives later this week.
BP stock slides in London as Trump-Venezuela crude deal weighs on oil prices

BP stock slides in London as Trump-Venezuela crude deal weighs on oil prices

BP shares dropped 3.1% in London after President Trump announced a deal for Venezuela to export up to 50 million barrels of crude to the U.S., pushing oil prices lower. BP continued its buyback program, purchasing about 3 million shares on Jan. 6. BP’s U.S. ADR fell 4.9% Tuesday. Traders are watching for more Venezuela news and BP’s Feb. 10 results.
7 January 2026
Exxon Mobil stock slides 3% as oil falls on Venezuela supply bets; investors eye next catalyst

Exxon Mobil stock slides 3% as oil falls on Venezuela supply bets; investors eye next catalyst

Exxon Mobil shares dropped 3.4% to $121.05 Tuesday, underperforming a rising U.S. market as oil prices fell on forecasts of ample 2026 supply. Brent crude settled at $60.70 a barrel, down 1.7%. Investors tracked Venezuela policy after the U.S. detained President Maduro, with White House talks set for later in the week. Chevron and ConocoPhillips also declined.
UNG slides as warm-weather outlook drives U.S. natural gas-linked stocks lower

UNG slides as warm-weather outlook drives U.S. natural gas-linked stocks lower

The United States Natural Gas Fund (UNG) dropped 3.1% to $11.28 Tuesday as February NYMEX natural gas futures settled down 4.91% at $3.35 per MMBtu, hitting a 2-1/4-month low. Warmer forecasts cut expected heating demand, pressuring prices and spot markets. Traders await Thursday’s EIA storage report and mid-January weather updates for signs of shifting demand.
Vistra stock jumps after $4.7 billion Cogentrix buyout bet on AI power demand

Vistra stock jumps after $4.7 billion Cogentrix buyout bet on AI power demand

Vistra shares climbed 4.1% in after-hours trading after it agreed to buy Cogentrix Energy for $4.7 billion, adding 5.5 GW of natural-gas generation. The deal includes $2.3 billion in cash, $900 million in stock, and $1.5 billion in assumed debt. Vistra secured up to $2 billion in bridge loans from Goldman Sachs. The transaction faces regulatory review and hinges on customer demand and power market trends.
Valero Energy stock slips as Venezuelan crude return talk meets shipping snags — what’s next for VLO?

Valero Energy stock slips as Venezuelan crude return talk meets shipping snags — what’s next for VLO?

Valero shares dropped 0.9% to $178.92 in New York after Monday’s rally on speculation the U.S. may allow more Venezuelan crude exports. Analysts say Gulf Coast refiners could process up to 1 million extra barrels per day if sanctions lift. Venezuela was loading crude only for Chevron on Tuesday, with other shipments stalled. Oil prices fell about 1% as traders weighed supply and policy moves.
Exxon Mobil (XOM) stock slips after Venezuela-fueled rally as investors weigh oil supply risks

Exxon Mobil (XOM) stock slips after Venezuela-fueled rally as investors weigh oil supply risks

Exxon shares dropped 1.4% to $123.63 Tuesday morning, reversing part of Monday’s gains as traders weighed U.S. talks on boosting Venezuelan oil output. Brent crude rose 0.7% to $62.22 a barrel. Chevron fell 2.7%, while ConocoPhillips was flat. The S&P 500 energy index had hit a 10-month high Monday after U.S. military action in Venezuela.
US stock market: Vistra stock pops in premarket on $4.7B Cogentrix deal amid AI power-demand boom

US stock market: Vistra stock pops in premarket on $4.7B Cogentrix deal amid AI power-demand boom

Vistra shares rose 4.4% to $170.17 premarket Tuesday after agreeing to buy Cogentrix Energy from Quantum Capital Group in a deal valued at $4.7 billion. The acquisition adds 5.5 gigawatts of natural gas generation across key U.S. markets and is expected to close in mid-to-late 2026. Vistra said the deal should boost per-share cash flow starting in 2027.
Before TSX opens: Venezuela shock keeps gold near record, puts Canada energy shares in focus

Before TSX opens: Venezuela shock keeps gold near record, puts Canada energy shares in focus

The S&P/TSX Composite closed at a record 32,219.95 on Monday, up 1.1%, as miners and banks rose but energy stocks fell 3.6% on concerns over U.S. access to Venezuelan oil. The Canadian dollar weakened to 1.3755 per U.S. dollar. Gold hovered near record highs, while oil prices slipped in Asia after Monday’s gains. Canadian bond yields eased, with the 10-year at 3.424%.
Halliburton stock jumps nearly 8% on Venezuela jolt as oil-services rally takes hold

Halliburton stock jumps nearly 8% on Venezuela jolt as oil-services rally takes hold

Halliburton shares surged 7.9% to $31.92 Monday after U.S. forces captured Venezuelan President Nicolás Maduro, fueling hopes of renewed U.S. oil activity in Venezuela. SLB gained 9%, Baker Hughes rose 4.1%, and oil prices climbed. The Trump administration plans talks with oil executives this week, though the embargo remains. Halliburton CFO Eric Carre acquired 37,548 shares at $29.60 on Jan. 2, according to an SEC filing.
Oklo stock jumps nearly 15% as DOE backs uranium enrichment — what’s next for OKLO

Oklo stock jumps nearly 15% as DOE backs uranium enrichment — what’s next for OKLO

Oklo shares jumped 14.8% to $89.34 Monday, tracking gains across nuclear-linked stocks after the U.S. Energy Department announced $2.7 billion in uranium-enrichment contracts. The awards aim to boost domestic supply of high-assay low-enriched uranium, a key fuel for advanced reactors. Oklo’s after-hours trading was flat. Traders are watching for further federal fuel awards and Friday’s U.S. jobs data.
Comstock Resources stock slides as U.S. gas futures drop on warm-weather outlook

Comstock Resources stock slides as U.S. gas futures drop on warm-weather outlook

Comstock Resources shares dropped 4.2% to $22.60 Monday as U.S. natural gas futures fell over 5% on forecasts for above-normal winter temperatures. Other gas-focused producers also declined, with Antero Resources down 3.8% and Range Resources off 1.8%. Traders cited weaker demand signals and are watching the next U.S. gas-storage update. About 2.2 million Comstock shares traded by midafternoon.
Gulfport Energy stock (GPOR) slides nearly 9% on Wolfe downgrade as gas prices fall

Gulfport Energy stock (GPOR) slides nearly 9% on Wolfe downgrade as gas prices fall

Gulfport Energy shares fell 8.7% to $188.26 after Wolfe Research downgraded the stock, citing weaker natural gas prices and a lower long-term gas forecast. U.S. natural gas dropped 3.5% to $3.49 per MMBtu. Other gas producers also declined. Investors await the Jan. 8 U.S. storage report and Gulfport’s next earnings date, estimated for late February.
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Stock Market Today

Costco stock price retakes $1,000 — what traders are watching before Monday

Costco stock price retakes $1,000 — what traders are watching before Monday

7 February 2026
Costco closed Friday up 1.2% at $1,001.16, regaining the $1,000 level as about 2.36 million shares changed hands. January net sales rose 9.3% to $21.33 billion, with comparable sales up 7.1% and online sales surging 34.4%. Wells Fargo raised its price target to $950, maintaining a neutral rating. The next earnings call is set for March 5.
Johnson & Johnson stock price: What to watch after talc-case law firm ouster and new AFib data

Johnson & Johnson stock price: What to watch after talc-case law firm ouster and new AFib data

7 February 2026
Johnson & Johnson shares rose 0.9% to $239.99 Friday after a New Jersey appeals court disqualified Beasley Allen from state talc cases, citing improper coordination with a former J&J attorney. The ruling affects about 3,600 state lawsuits, while a related federal motion is pending. J&J also reported early 12-month pilot data for its investigational AFib device at a cardiology meeting.
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