OIL JUMPS 1.5% AS TR...from carldupoin

OIL JUMPS 1.5% AS TRUMP'S VENEZUELA BLOCKADE STOKES UNCERTAINTY Oil prices rose more than 1% on Wednesday after U.S. President Donald Trump ordered "a total and complete" blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geopolitical tensions at a time of concerns over demand.

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U.S. President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy Department representatives to urge federal funding.

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USD Stabilizes Ahead of NFP and CPI The USD’s stabilization comes after a period of broad weakness following the Federal Reserve’s latest policy decision. Although the Fed delivered a dovish tone and markets continue to price in rate cuts for next year, traders are now awaiting fresh confirmation from upcoming US data releases. The delayed US Nonfarm Payrolls (NFP) and Consumer Price Index (CPI) reports are expected to provide clearer direction for the USD and, by extension, EUR/USD. Market participants anticipate heightened volatility as these data points will influence expectations for the Fed’s 2026 policy path. Analysts note that despite the USD’s rebound, the broader trend remains fragile, and incoming data could determine whether the currency resumes its decline or extends its recovery. #gold# #Fed# #euro# #USDollarIndex#

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Goldman Sachs said that the U.S. Consumer Price Index (CPI) data scheduled for release on December 18 is unlikely to lead to a material change in expectations for Federal Reserve monetary policy, noting that policymakers are likely to focus more heavily on December U.S. inflation data ahead of the January Federal Open Market Committee (FOMC) meeting.

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