BY TYLER DURDEN
MONDAY, JAN 05, 2026 – 08:05 AM
Brent crude futures were little changed early Monday following President Trump’s special operation involving Delta Force commandos that removed socialist leader Nicolás Maduro from power in Venezuela.
While crude futures showed a muted reaction, U.S. energy equities surged in premarket trading, reflecting growing optimism that Chevron and Exxon Mobil are among the best positioned to lead a revival of Venezuela’s oil industry under a new geopolitical framework, which we have described as Western Hemisphere defense, or what some in recent days have dubbed the "Don-roe Doctrine."
Chevron jumped as much as 10% in premarket trading in New York, with ConocoPhillips up 5% and Exxon Mobil up 3%. If the roughly 7% gains for Chevron hold in the cash session, this would mark the company’s largest daily increase since late summer 2022.
Source:
https://www.zerohedge.com/commodities/don-roe-doctrine-fall-maduro-sends-us-oil-stocks-soaring