Energy Stocks Head Into MLK Break as Oil Firms Up — What Traders Watch Next

U.S. energy shares edged up on Friday, with the Energy Select Sector SPDR Fund finishing at $47.69, a modest gain of 0.17%.

Oil stocks this week: Chevron, Exxon rise as U.S. moves to widen Venezuela license

Oil stocks this week: Chevron, Exxon rise as U.S. moves to widen Venezuela license

Energy Secretary Chris Wright told Reuters on Friday that the U.S. is moving “as fast as it can” to expand Chevron’s Venezuela license, enabling the company to pay royalties and taxes in cash. This shift would let Chevron sell all its Venezuelan crude outright, instead of compensating the government with oil, Wright explained. He also revealed that Washington is marketing up to 50 million barrels of stranded Venezuelan crude, with the proceeds held in Qatari bank accounts under U.S. government control.
17 January 2026
Crude oil price tumbles on Iran de-escalation; USO stock slips before the bell

Crude oil price tumbles on Iran de-escalation; USO stock slips before the bell

Crude oil prices tumbled more than 3% on Thursday after U.S. President Donald Trump said killings in Iran’s crackdown on protests were stopping, easing fears of a supply shock. Brent was down $2.19 at $64.33 a barrel and U.S. West Texas Intermediate fell $2.06 to $59.96, while Saxo Bank’s Ole Hansen said “the immediate risk premium has softened but is unlikely to go away.”
Oil prices tumble 4% on Trump Iran remarks, putting Exxon and Chevron in focus premarket

Oil prices tumble 4% on Trump Iran remarks, putting Exxon and Chevron in focus premarket

Oil prices fell more than 4% on Thursday after U.S. President Donald Trump said killings of protesters in Iran were ending, cooling fears of U.S. military action that could disrupt supply. Brent, the global benchmark, was down $2.84, or 4.27%, at $63.68 a barrel, while U.S. West Texas Intermediate fell $2.68, or 4.32%, to $59.34 by 1012 GMT.
Shell stock in focus: scrapped UK gas sale, sliding oil and buyback pace before London open

Shell stock in focus: scrapped UK gas sale, sliding oil and buyback pace before London open

Shares of Shell Plc opened Thursday in London after the company and Exxon Mobil pulled out of a planned sale of their UK Southern North Sea gas assets to Viaro Energy, citing changing commercial and market conditions. Shell will continue to operate the package, which covers 11 gas fields plus the onshore Bacton terminal. Viaro CEO Francesco Mazzagatti said the deal was “fully funded” before both parties decided to halt the transaction.
15 January 2026
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