US oil companies logged solid gains of up to 10% in pre-market trading on Monday, January 5, after the US military captured Venezuelan President Nicolas Maduro, resulting in his ouster.
US President Donald Trump also announced that the US plans to “run” Venezuela, and that the US oil companies will invest an unspecified amount to revive the oil infrastructure in the South American nation and increase its oil output, enabling higher crude flows to the US and other markets.
