Oil prices jump on Iran unrest as Exxon stock slips premarket; Venezuela barrels in focus

Oil prices climbed early Tuesday, with Brent futures rising $1.06, or 1.7%, to $64.93 a barrel. U.S. West Texas Intermediate gained $1.02, also 1.7%, reaching $60.52, close to their strongest points since mid-November. Barclays estimated the geopolitical “risk premium”—the extra cost traders factor in for possible supply disruptions—at around $3-$4 a barrel. Brent’s premium over Dubai, a key Middle East benchmark, also stretched to its widest since July, according to LSEG data. John Evans, analyst at PVM Oil Associates, noted, “The oil market is building in some price protection against geopolitical drivers.”

Energy Sector · NYSE:COP · NYSE:CVX · NYSE:XOM · Oil Prices · Stock Market
Oil prices dip on Iran ‘control’ claim; Exxon stock jolts on Trump Venezuela threat

Oil prices dip on Iran ‘control’ claim; Exxon stock jolts on Trump Venezuela threat

By 10:45 a.m. GMT Monday, Brent crude futures dipped 31 cents, or 0.5%, landing at $63.03 a barrel. U.S. West Texas Intermediate slipped 36 cents, or 0.6%, to $58.76. Iran’s foreign minister declared the situation “under total control” following weekend unrest, easing some supply worries. Yet, a rights group reported over 500 deaths. UBS analyst Giovanni Staunovo cited weaker European equities and a “lack of additional supply disruptions,” while MST Marquee’s Saul Kavonic noted the market remains skeptical, still demanding, “Show me the disruption to supply.”
12 January 2026
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Crude Oil Price Today: Brent dips, oil stocks wobble as Iran and Venezuela headlines hit

Crude Oil Price Today: Brent dips, oil stocks wobble as Iran and Venezuela headlines hit

Brent crude futures slipped 31 cents, or 0.5%, to $63.03 a barrel by 5:45 a.m. ET. U.S. West Texas Intermediate crude fell 36 cents, or 0.6%, to $58.76. Iran’s foreign minister said the situation was “under total control” after weekend violence, blunting some supply fears. “Lower European equity markets and lack of additional supply disruptions is moderately weighing on oil prices,” UBS analyst Giovanni Staunovo said.
12 January 2026
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Oil stocks brace for Monday as Bessent hints Venezuela sanctions relief; Chevron, Exxon in focus

Oil stocks brace for Monday as Bessent hints Venezuela sanctions relief; Chevron, Exxon in focus

U.S. oil inventories enter the new week with renewed focus on Washington’s timeline for Venezuela. Treasury Secretary Scott Bessent indicated more sanctions could be eased “as soon as next week” to boost oil exports. He mentioned Treasury is considering adjustments to allow proceeds from Venezuela’s oil—mostly stored on ships—to flow back into the country. Bessent also said he plans meetings next week with IMF and World Bank leaders.
11 January 2026
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Chevron stock (CVX) heads into Monday with Venezuela output boost in spotlight

Chevron stock (CVX) heads into Monday with Venezuela output boost in spotlight

Chevron shares rose 1.8% on Friday, closing at $162.11, as investors digested the company’s assertion that it can quickly boost production in Venezuela. At a White House meeting, Vice Chairman Mark Nelson pointed to Chevron’s century-long presence in Venezuela and its unique position as the only U.S. oil major still active there. He claimed Chevron could immediately double crude “liftings” — the volumes loaded for sale — from its joint ventures with PDVSA, the Venezuelan state oil firm. Nelson added, “We are also able to increase our production within our own disciplined investment schemes by about 50% just in the next 18 to 24 months.”
11 January 2026
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Oil stocks brace for Monday after Trump’s Venezuela push; Exxon calls it “uninvestable”

Oil stocks brace for Monday after Trump’s Venezuela push; Exxon calls it “uninvestable”

U.S. oil stocks showed mixed moves heading into the weekend after executives told President Donald Trump they’d consider returning to Venezuela only if new legal and security assurances are in place. Exxon Mobil rose 1.4%, Chevron climbed 1.8%, while ConocoPhillips dropped 1.2%. Oilfield services players SLB and Halliburton gained roughly 1.8% and 1.4%, respectively. Exxon CEO Darren Woods labeled Venezuela “uninvestable” under current conditions. Chevron Vice Chairman Mark Nelson said the firm could potentially double liftings and boost production by about 50% within 18 to 24 months.
10 January 2026
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Exxon Mobil stock in focus as CEO calls Venezuela “uninvestable” while keeping return option alive

Exxon Mobil stock in focus as CEO calls Venezuela “uninvestable” while keeping return option alive

Exxon Mobil Corp shares ended Friday up 1.38% at $124.61. CEO Darren Woods said the company is ready to consider reentering Venezuela, but described the country as “uninvestable” given its current regulations. At the same White House meeting, Chevron’s Mark Nelson claimed the oil giant could double its “liftings”—crude cargo shipments—and boost production by roughly 50% within 18 to 24 months.
10 January 2026
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Exxon Mobil stock pops after-hours as CEO opens door to Venezuela return, earnings loom

Exxon Mobil stock pops after-hours as CEO opens door to Venezuela return, earnings loom

Exxon Mobil Corporation shares rose in after-hours trading on Friday after CEO Darren Woods said the company was ready to evaluate a return to Venezuela, where Exxon left after its assets were nationalized nearly two decades ago. Woods made the remarks at a White House meeting arranged days after U.S. forces captured and removed Venezuelan President Nicolas Maduro from power. Exxon stock was up 1.4% at $124.61, after trading between $122.31 and $124.86.
10 January 2026
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Exxon Mobil (XOM) stock ticks up as filing flags up to $1.2 bln Q4 upstream hit

Exxon Mobil (XOM) stock ticks up as filing flags up to $1.2 bln Q4 upstream hit

Exxon Mobil shares rose 0.6% to $123.63 on Friday after the oil major said lower crude prices could cut fourth-quarter upstream earnings — its oil and gas production business — by about $800 million to $1.2 billion. It also said stronger refining margins, the gap between crude costs and fuel prices, could lift earnings by $300 million to $700 million, while restructuring charges may shave about $200 million. Analysts expect adjusted earnings of $1.66 per share; “many brokers, including us, have yet to mark to market,” Scotiabank analysts wrote.
9 January 2026
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Crude oil price stock jumps before the open as Venezuela talks and Iran unrest lift oil-linked shares

Crude oil price stock jumps before the open as Venezuela talks and Iran unrest lift oil-linked shares

Oil-linked shares edged up in U.S. premarket trading on Friday, putting the crude-oil theme back on traders’ screens as geopolitical tensions rekindled demand. Chevron rose 2.6% to $159.25, Exxon Mobil climbed 3.7% to $122.91 and ConocoPhillips advanced 5.1% to $98.72; the United States Oil Fund gained about 4.1% to $70.54.
9 January 2026
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Exxon Mobil stock (XOM) rises as filing flags Q4 upstream hit from weaker crude; Jan 30 next

Exxon Mobil stock (XOM) rises as filing flags Q4 upstream hit from weaker crude; Jan 30 next

Exxon Mobil shares rose 3.3% to $122.42 by 1:46 p.m. EST on Thursday after the oil major said weaker crude prices could shave $0.8 billion to $1.2 billion off fourth-quarter upstream earnings versus the prior quarter. In the same filing, Exxon said stronger industry margins in its Energy Products segment could add $0.3 billion to $0.7 billion. Exxon Mobil Corporation
8 January 2026
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