U.S. oil companies remain non-committal about investing in Venezuela
The Wall Street Journal reports: Investors appeared to like the idea that Venezuela could become a new frontier for U.S. oil companies, or a bigger one for Chevron. Chevron’s shares rose about 5% Monday. Exxon Mobil’s shares rose about 2%; ConocoPhillips was up almost 3%. For now, Chevron has no plans to increase spending or boost production significantly, people familiar with the matter said. The Houston oil giant is wary of committing new capital there until the country is more…