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Schwab Network

Blockade on Venezuela Oil Tankers & Mortgage Apps Moving Markets

6 min17 december 2025

Futures moved higher before the opening bell even after mortgage applications faced some pressure due to higher mortgage rates. Kevin Hincks talks about the latest data and how it can impact Wednesday's session. A blockade on Venezuelan sanctioned oil tankers already rippled through commodity markets, with crude oil rallying in reaction to heightened geopolitical tensions.


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