MATT: 30 MINUTES UNTIL THE START OF THE CASH TRADE. DANI: BLOOMBERG OPEN INTEREST STARTS RIGHT NOW. MATT: INTEL STRUGGLES WHILE NVIDIA GETS A BOOST AS CHINA TELLS FIRMS TO PREPARE THEIR 8200 CHIP ORDERS.DANI: TRUMP VERSUS JAMIE DIMON. TRUMP SUES J. P.MORGAN AND ITS CEO FOR AT LEAST $5 BILLION. MATT: THE U.S. GOVERNMENT URGES GRID OPERATORS TO TAP BACKUP POWER TO PREP FOR WINTER STORM BLACKOUTS NATIONWIDE. DANI: THAT IS THE STORY TODAY FOR US.IT IS GOING TO HIT MOST OF THE U.S. BUT THERE ARE SOME STOCKS MOVI ...

Core Viewpoint - Crude oil and WTI prices have increased as traders are focusing on factors beyond Donald Trump's actions regarding Venezuela [1] Group 1: Market Reaction - Traders are looking past the geopolitical implications of Trump's Venezuela actions, leading to a rise in crude oil prices [1] - The market's response indicates a shift in focus towards other supply and demand dynamics in the oil sector [1] Group 2: Price Movements - The increase in crude oil prices suggests a bullish sentiment among traders despite external political factors [1] - WTI prices have shown a notable rise, reflecting the overall positive trend in the crude oil market [1]

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Group 1 - The article highlights that the muted price movement of Venezuelan oil indicates that there are significant obstacles preventing a more substantial flow of oil from the country [1] - Expectations are set that the challenges in the Venezuelan oil sector will continue to impact market dynamics and pricing [1] - The current situation reflects a cautious outlook among investors regarding the potential for increased oil production from Venezuela [1]

Javier, you're picking up on geopolitics. We've got the conflict uh in Ukraine continuing uh Russia under sanction as a result of that. Then off the coast of South America, you've got a blockade in in place.How do these stand to affect the price of oil here in in the months to come. >> Well, I mean, that is the big headline race that oil traders talk about. You could have your best modeling of the global economy, your best modeling of supply and demand, but you cannot really anticipate what uh President Tru ...

Geopolitical Impact on Oil Market - The Trump administration's blockade of sanctioned oil tankers is increasing pressure on Venezuela's government [1] - The administration is now targeting unsanctioned vessels to maximize pressure on companies exporting Venezuelan crude [2][3] - Chevron has a waiver allowing some exports, mitigating the full impact of the blockade [3] Oil Price and Supply/Demand Dynamics - Venezuela's oil production is less than 1% of global demand [4] - A complete halt of Venezuelan exports could cause a temporary price increase due to market sentiment [4] - The global oil market faces a large oversupply going into 2026 [5] - Demand growth is not keeping pace with increasing supply from OPEC+, the US, and other countries [5][6] - Despite potential short-term price spikes, analysts predict a downward trend due to the oversupply [6]

Geopolitical Strategy & Regime Change - The US is potentially using the blockade of Venezuela as a strategy for regime change by putting pressure on the current government [1][2] - The US administration has blamed Venezuela for drug trafficking and illegal immigration, using this as justification for increased pressure [3][4] Oil Market Impact Assessment - The US administration's actions are timed to coincide with a market glut and weak oil prices [4] - Initial market reaction shows a nearly 15% increase in oil prices, but Brent crude remains below $60 per barrel [5] - Venezuela's oil exports, roughly 500-600 thousand barrels per day, account for less than 1% of the global oil market's consumption of 100 million barrels per day [6][7] - Removing Venezuelan oil, even entirely, is unlikely to fundamentally alter the oil market due to existing oversupply and weak prices [7][9] - The focus is on where China will find replacements for Venezuelan oil and whether they can find suitable grades [8] Market Sentiment vs Fundamentals - Any price increase is more sentiment-driven than based on actual changes in oil market fundamentals [6] - The oil market faces more downside risk, even with the removal of Venezuelan barrels [9]

There are several key factors that are helping push oil prices down. You've got OPEC plus and its allies boosting production after years of making cuts. In the meantime, Trump is pushing for a possible peace deal between Russia and Ukraine.Now, as a result of this or any other thing, the energy ETF XLE on track for its fourth negative day in a row. That may not sound like much, but that is actually the longest losing streak in three months. Let's talk about that oil stocks and maybe even Venezuela and bring ...

The highest weekly crude shipments since its 2022 invasion of Ukraine aren't helping Russia. Ballooning volumes of undelivered oil on tankers are boosting a supply glut that's undermining prices and hitting the Kremlin's war chest, writes @JLeeEnergy https://t.co/lchsBU6X6M ...

Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion in a move to shield its cash flow at a time of lower international oil prices https://t.co/WJxA1Lamt5 ...