Bloomberg Money Minute: US Oil Execs Meet Trump on Venezuela, Nissan Ends Sub-$20K Car

US Oil Executives Meet President Trump

• 🇺🇸 U.S. oil company executives are scheduled to meet with President Trump at the White House.
• 🇻🇪 The discussion will focus on the future of Venezuela's oil industry, with U.S. oversight potentially lasting a year or longer.
• 🤝 Companies like Chevron, ExxonMobil, and Conoco Phillips are assessing their roles in revitalizing Venezuela's energy sector, considering costs and potential returns.

Oil Prices and Market Performance

• 📈 Oil prices have risen to $57 a barrel following a larger-than-anticipated drawdown in U.S. crude inventories.
• 📊 Stock markets are mixed: the Dow is up 0.67%, the Nasdaq is down 0.5% due to tech sector weakness, and the S&P 500 is flat.

Nissan Ends Production of Affordable Car

• 🚗 Japanese automaker Nissan has confirmed the end of production for the Versa.
• 💰 The Versa, with a base sticker price of $17,400, was the last new vehicle sold in the U.S. with a list price under $20,000, due to slumping sales.