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U.S. secures 65B barrels of oil reserves in sweeping deal with Venezuela, Trump announces

Aug 28, 2026, 8:02 PM ETUnited States Oil Fund LP ETF (USO), UCO, XLECVX, E, DBO, USL, SCO, BNO, REPYY, REPYF, GUSH, DRIP, USOIBy: Carl Surran, SA News Editor
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The U.S. and Venezuela have struck a deal that would give the U.S. a majority control of more than 65B barrels of Venezuela’s oil reserves and more than double U.S. oil reserves, President Trump announced late Friday.

“At my direction, Secretary of

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