ConocoPhillips stock jumps in premarket as Venezuela claim recovery comes back into focus
ConocoPhillips shares jumped 6.5% to $102.99 in premarket trading Monday after weekend developments in Venezuela put U.S. oil companies’ expropriation claims back in focus. Investors are watching for U.S. policy changes on sanctions and awaiting ConocoPhillips’ Feb. 5 earnings update. Brent crude slipped 0.8% to $60.26 a barrel.