Oil prices dip on Iran ‘control’ claim; Exxon stock jolts on Trump Venezuela threat
Brent crude fell 0.5% to $63.03 and WTI dropped 0.6% to $58.76 as Iran claimed control after unrest. Exxon Mobil rose 1.4% premarket despite Trump warning he could block its Venezuela plans. Vitol and Trafigura received licenses to negotiate Venezuelan crude exports. OPEC output slipped to 28.40 million bpd in December, with further declines expected from Venezuela.