US Stock Market Move | "Oil stocks surged before the market opened, with Chevron Corporation (CVX.US) rising nearly 7%"

On Monday, oil stocks surged before the market opened, with Chevron Corporation (CVX.US) up nearly 7%, ConocoPhillips (COP.US) up 6%, and Exxon Mobil Corporation (XOM.US) up almost 3%. Additionally, the concept of oil and natural gas equipment and services also strengthened, with SLB (SLB.US) and Halliburton (HAL.US) up by about 8%, and Baker Hughes (BKR.US) up over 5%. On the news front, according to CCTV News, President Trump confirmed that the US had captured Venezuelan President Maduro through military action and announced that the US will "manage" Venezuela until a "safe" transition is achieved. This has led to a reassessment of control over the Venezuelan oil industry in the market. While the political situation at GEO Group Inc may have limited direct impact on global oil supply in the short term, it presents the possibility of a rebuilding of the Venezuelan energy industry, which has been in decline for the long term, while also creating new opportunities and risks for existing foreign investors. With the country entering a period of turmoil, the market's focus quickly turned to who will take over the world's richest oil reserves. Analysts point out that if Venezuela can form a pro-US and investment-friendly government in the future, US Energy Corp. giant Chevron Corporation, with its existing market position, will be in the "best position" to expand its control and influence in the country's oil sector.