US stock market, Jan. 6 -- Amid speculation that the US oil companies would benefit from US President Donald Trump's announcement to invest in Venezuela's crude oil exploration, oil stocks listed on Wall Street witnessed strong buying on Monday. While most stocks finished 2% to 3% higher, the Chevron stock price rose more than 5% in the backdrop of the US-Venezuela conflict. Chevron's share price opened with an upside gap at $165.75 apiece on the NYSE, which also became its intraday high. However, the Chevron stock finished over 5% higher than its previous close of $155.90 per share.

According to stock market experts, Chevron's stock price rose due to market buzz about the benefits trickling down to the company after Donald Trump's annou...