Stocks Rally as Oil Prices Edge Higher After Venezuela Shock | Closing Bell

Watch on YouTube ↗  |  January 05, 2026 at 22:38  |  10:06  |  Bloomberg Markets
Speakers
Mark Melich — Chief Investment Officer, Siebert Financial
Romaine Bostick — Anchor, Bloomberg
Katie Greifeld — Anchor, Bloomberg

Summary

U.S. stocks closed higher, with the Dow hitting a record, as energy, financials, and defense shares led after weekend developments in Venezuela. Oil refiners and integrated names such as Valero and Chevron rose on Venezuela exposure, while U.S. shale producers fell on supply and global glut concerns. The program also covered nuclear-fuel funding, a biotech FDA designation, pharma weakness, the Versant spinoff debut, and an Amazon art TV product.

  • Dow closed at a record; S&P 500 and Nasdaq also rose.
  • Energy, financials, and defense led; tech and utilities lagged.
  • Venezuela energy revival hopes lifted Valero, SLB, Halliburton, and Chevron.
  • U.S. shale producers Diamondback, APA, Devon, and Coterra fell on supply concerns.
  • Nuclear fuel names rose after U.S. funding for uranium enrichment.
  • Pharma names and Versant declined; Versant fell on its first trading day.
  • Hosts noted risk-on strength in small caps, mid-caps, and transports.
  • Amazon launched an art TV product, prompting host discussion.
Ideas
Katie Greifeld Anchor, Bloomberg 0:50
Avoid US shale on supply risk
U.S. domestic shale producers are seeing a rotation out because if more oil supply comes online from Venezuela, lower prices would be bad for shale producers already slowing growth due to global glut concerns; Diamondback, APA, Devon, and Coterra fell.
XOP FANG APA DVN CTRA HIGH
Romaine Bostick Anchor, Bloomberg 3:49
Chevron benefits from Venezuela exposure
Chevron is particularly well positioned because of its exposure in Venezuela, making it a key beneficiary of efforts to revive the Venezuelan energy sector.
CVX MED
Mark Melich Chief Investment Officer, Siebert Financial 3:56
Gulf refiners benefit from Venezuelan heavy crude
U.S. Gulf Coast refiners with experience processing heavy Canadian crude stand to benefit if Venezuela restores output of heavy sour oil, because their refineries are optimized for heavy crude; Valero and other integrated majors that can handle heavy crude are positioned to benefit.
VLO CRAK HIGH
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This Bloomberg Markets video, published January 05, 2026, features Katie Greifeld, Romaine Bostick, Mark Melich discussing XOP, FANG, APA, DVN, CTRA, CVX, VLO, CRAK. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Katie Greifeld, Romaine Bostick, Mark Melich  · Tickers: XOP, FANG, APA, DVN, CTRA, CVX, VLO, CRAK