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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for March delivery ...
  Benchmark U.S. crude oil for March delivery rose 62 cents to $76.84 per barrel Friday. Brent crude for April delivery rose 56 cents to $82.19 per barrel.
  
  Wholesale gasoline for March delivery was unchanged at $2.34 a gallon. March heating oil rose 7 cents to $2.96 a gallon. March natural gas fell 7 cents to $1.85 per 1,000 cubic feet.
  
  
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• S&P 500 closes over 5,000 for new record high, books 5th straight week of gains
  U.S. stocks closed mostly higher on Friday, with the S&P...
  U.S. stocks closed mostly higher on Friday, with the S&P 500 scoring its 10th record close of 2024 as the index booked a fifth straight week of gains.
  

  
  
  • The S&P 500 ended 0.6% higher at 5,026.61.
  
  
  • The Nasdaq Composite gained 1.2% to 15,990.66
  
  
  • The Dow Jones Industrial Average slipped 0.1% to 38,671.69.
  
  

  
  The S&P 500, Nasdaq, and Dow each rose for a fifth consecutive week in their longest winning streaks since December, according to Dow Jones Market Data.
  
  For the week, the Dow eked out a gain of less than 0.1%, while the S&P 500 climbed 1.4% and the Nasdaq advanced 2.3%.
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• Permian growth in 2024 expected to drop significantly
  Growth in the Permian Basin is expected to slow in 2024 following the purchase by public companies of...
  Growth in the Permian Basin is expected to slow in 2024 following the purchase by public companies of nearly 40 private companies last year. The Energy Department recently dropped its 2024 growth forecast by 120,000 bpd to 170,000 bpd, down from over 1 million bpd last year. "It all ties down to the industry being less interested in growth and more in generating positive cash flows, which they have now done successfully for a few years," said Alexandre Ramos-Peon, head of shale research at Rystad.
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• DOE says LNG permit pause will be "months, not years"
  Department of Energy Deputy Secretary David Turk told the Senate Energy...
  Department of Energy Deputy Secretary David Turk told the Senate Energy and Natural Resource Committee on Thursday that the halt on liquified natural gas export approvals will be for "months, not years." Attorneys general from 26 states are preparing a legal case to reverse the pause, saying the White House overstepped its authority in implementing the measure.
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• ConocoPhillips reports slight fall in profits in 4Q and full-year earnings
  ConocoPhillips reported fourth-quarter 2023 earnings of $3.0 billion,...
  ConocoPhillips reported fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share, compared with fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share.
  
  Excluding special items, fourth-quarter 2023 adjusted earnings were $2.9 billion, or $2.40 per share, compared with fourth-quarter 2022 adjusted earnings of $3.4 billion, or $2.71 per share. Special items for the current quarter were comprised of a benefit related to the reversal of a tax reserve, partially offset by a loss on foreign exchange contracts.
  
  Full-year 2023 earnings were $11.0 billion, or $9.06 per share, compared with full-year 2022 earnings of $18.7 billion, or $14.57 per share. Excluding special items, full-year 2023 adjusted earnings were $10.6 billion or $8.77 per share, compared with full-year 2022 adjusted earnings of $17.3 billion, or $13.52 per share.
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