"The Vanguard S&P 500 ETF ( NYSEMKT: VOO) closed down 0.2% on Tuesday, its third straight day of losses, after the U.S. Bureau of Labor Statistics reported fewer job losses for October, and more jobs gained in November - but unemployment and underemployment both on the rise. As Wednesday dawns, however, the market seems poised for a turnaround and is up 0.3% premarket."
"Oilprice.com is reporting about a 1.5% spike in prices of both WTI crude oil and Brent crude, the international benchmark. WTI costs more than $56 a barrel today, and Brent nearly $60, and these prices could continue to rise. CNBC reports that the blockade "could potentially impact 0.4-0.5 million barrels of oil per day, lifting prices by $1-2 per barrel.""
The Vanguard S&P 500 ETF closed down 0.2% on Tuesday, its third consecutive loss, after the U.S. Bureau of Labor Statistics reported fewer job losses for October, more jobs gained in November, and rising unemployment and underemployment. The market was up 0.3% premarket on Wednesday. The Trump Administration announced a "total and complete" blockade on sanctioned Venezuelan oil tankers, prompting roughly a 1.5% rally in WTI and Brent with WTI above $56 and Brent near $60; CNBC said the blockade could remove 0.4–0.5 million barrels per day, lifting prices $1–$2 per barrel. Oracle shares fell about 2% premarket after Blue Owl Capital declined to back a $10 billion Michigan data-center deal tied to OpenAI. Reports that China will revoke lithium mining permits boosted SQM and Albemarle by roughly 5% and 4%, respectively.
Read at 24/7 Wall St.
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