Let's bring in Kevin Green, senior markets correspondent, right away to help set up the action today. Uh, all right, KG. So, when I think about yesterday, futures were actually higher, but ultimately we finished lower on the S&P 500.What do you make of all this. >> Yeah, we continue to see a lot of volatility in the market. If we actually look at yesterday before the market opened and even in the overnight session, uh, we did actually see some pressure to the downside.We had buyers kind of stepping in. we o ...

Core Insights - Oil prices increased by over 1.5% following President Trump's directive for a total blockade of all sanctioned tankers entering and leaving Venezuela, which heightens the risk of extended supply disruptions in the oil market [1] Group 1 - The blockade is expected to impact the supply chain significantly, potentially leading to tighter oil supplies globally [1] - The move reflects ongoing geopolitical tensions and its implications for oil prices and market stability [1] - Market participants are likely to react to the potential for reduced Venezuelan oil exports, which could further influence global oil pricing dynamics [1]

The long-term continuous monthly price chart for WTI crude oil can be interpreted as both bullish (technically) and bearish (fundamentally). Though I have my doubts about the usefulness of complicated technical analysis these days, let’s start with some simple analysis. The spot-month contract spiked $130.50 per barrel immediately after Russia’s illegal invasion of its neighbour and sovereign nation Ukraine. The US Biden administration moved to reduce the effects of the invasion by releasing barrels from th ...

>> GOOD MORNING, HAPPY WEDNESDAY. THESE ARE THE STORIES THAT SET YOUR AGENDA. THE DOLLAR EDGES HIGHER, TREASURIES TRIM RECENT GAINS.TWO RATE CUTS NEXT YEAR AND THE U.S. LABOR MARKET CONTINUING TO COOL. OIL REBOUND FROM ITS LOWEST LEVEL SINCE 2021 AFTER PRESIDENT TRUMP ORDERS A COMPLETE LOCATE OF SANCTIONED TANKERS GOING INTO AN OUT OF VENEZUELA. BLOOMBERG LEARNS THAT WARNER BROS.IS PREPARING TO REJECT PARAMOUNT'S HOSTILE BID AS THE U.S. PRESIDENTS SON-IN-LAW WITHDRAWS FROM THE TAKEOVER BATTLE. AFTER MIXED P ...

Core Viewpoint - The article discusses the U.S. administration's strategy to increase pressure on Venezuela, particularly through oil export restrictions, as a means to potentially facilitate regime change [1][2]. Oil Market Impact - Venezuela's oil exports are a significant revenue source for the regime, and curbing these exports could severely limit the funds available to the government [2]. - The U.S. has already taken steps to tighten restrictions, including the seizure of a ship suspected of carrying drugs, which is part of a broader strategy to address issues like drug trafficking and illegal immigration linked to Venezuela [3][4]. - Current oil production from Venezuela is around 500,000 to 600,000 barrels per day, which is less than 1% of the global oil consumption of approximately 100 million barrels per day [6][7]. Market Sentiment and Price Dynamics - Recent actions have led to a slight increase in oil prices, with Brent crude rising nearly 1.5%, but prices remain below $60 per barrel [5]. - The sentiment in the market may be more influenced by geopolitical factors rather than actual changes in oil supply fundamentals [6][7]. - Despite potential disruptions from Venezuela's oil exports, the overall oil market is experiencing a glut, with prices recently falling to their lowest levels since 2021, and expectations of worsening conditions by 2026 [9].

Join our daily newsletter At The Bell to receive exclusive market insightsGood afternoon, and welcome to Wednesday’s Market Close. Not long ’til the Christmas holidays now, though JD has snuck in some leave a week early, so I’ll be taking you through Closes as well as my Opens until January.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.Honestly, not the most interesting trading day I could’ve jumped in ...

The global oil market looks well-supplied at the end of the year, with output sufficient to absorb a supply disruption in Venezuela, the world’s biggest crude resource holder. The escalating U.S.-Venezuela tensions in recent weeks, a tanker seizure, and further U.S. sanctions squeezes on Nicolas Maduro and his allies, including companies operating tankers, have cut Venezuela’s production to a seven-month low. The International Energy Agency (IEA) estimated Venezuela’s oil supply at 860,000 barrels per ...

Core Point - U.S. crude futures increased by over 1% following President Trump's directive for a complete blockade of all sanctioned oil tankers associated with Venezuela [1] Group 1 - The U.S. government has implemented a total blockade on oil tankers entering and leaving Venezuela, which is expected to impact crude oil supply dynamics [1] - The blockade is part of broader sanctions aimed at restricting Venezuela's oil exports, which are crucial for its economy [1]

The TTM Squeeze is a powerful volatility indicator that identifies periods of low volatility and anticipates potential breakouts. However, it can also sometimes indicate periods of indecision and a lack of conviction. Pulling up today's results from Barchart's investing ideas page, TTM Squeeze Triggered, highlights exactly this mood in the market. This list represents squeeze candidates whose Bollinger Bands are compressed within their Keltner Bands. More News from Barchart The screen applied below fil ...

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 ...