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U.S. Crude Futures Rally on Venezuela Blockade Supply Risk
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U.S. crude futures jumped in Asian trade after President Trump ordered a blockade on sanctioned Venezuelan oil tankers, raising supply risk concerns and lifting prices. West Texas Intermediate opened about $1 higher and Brent also climbed. Market participants are assessing how enforcement of the blockade might cut Venezuelan exports, even though surplus crude and low demand in Asia could cap broader market impact.