Jim Cramer is urging investors to take the oil stocks’ ramp-up with a grain of salt, warning that geopolitics-driven rallies appear more promising at first glance than they ultimately prove to be over time.

Chevron stock and other oil companies were soaring early Monday even as crude prices were only up around 1% following the surprise U.S. operation to capture Venezuelan President Nicolás Maduro.

Valero stock is drawing renewed attention in early 2026 as refining margins stay firm and shifting crude flows quietly strengthen its competitive position.

The crude oil industry witnessed significant volatility this year, driven primarily by the sharp decline in prices of the commodity, which fell to a nearly five-year low last week.

Investing.com -- U.S. crude oil futures fell further below post-settlement levels Tuesday despite the American Petroleum Institute showing a surprise draw in U.S. weekly crude supplies. Crude Oil WTI Futures, the U.S. benchmark, recently traded at $56.97 a barrel following the report after settling down down 2% at $57.13 barrel.

The evolving U.S.–Venezuela standoff is drawing renewed attention from energy markets, as investors weigh how shifts in sanctions, diplomacy and oil policy could ripple through American companies.

RIL shares drop 4.4% after revealing no Russian oil imports, erasing ₹95,000 crore from market capitalization.

TSX energy index falls 3.5% after US forces capture Maduro, as investors weigh the impact of Venezuelan crude on Canadian oilsands market share