OklahomaMinerals.com

Snippets

• Canada, Mexico projects seen squeezing US Gulf heavy crude supply
  The upcoming startup of the 590,000-barrel-per-day Trans Mountain Expansion oil pipeline in Canada and...
  The upcoming startup of the 590,000-barrel-per-day Trans Mountain Expansion oil pipeline in Canada and the 340,000-bpd Olmeca refinery in Mexico is expected to reduce the availability of heavy sour crude oil barrels on the US Gulf Coast. Crude imports from Venezuela could help fill a potential gap, but uncertainty surrounding US sanctions clouds that prospect.
  Read More
• ✈️The fallout from Alaska Airlines Flight 1282 continued.
  Three days after a panel blew out midair on the Boeing 737 Max 9 aircraft, hundreds of flights were still...
  Three days after a panel blew out midair on the Boeing 737 Max 9 aircraft, hundreds of flights were still grounded as the FAA directed US airlines with Max 9s—Alaska and United—to inspect their fleets. During those inspections, both airlines said they found loose bolts on plug doors. Meanwhile, federal officials revealed that the plane involved in the incident was restricted from flying long flights over water due to a known pressurization problem, though that may have been unrelated to the door plug incident. The cockpit voice recorder, which could have helped investigators determine how the panel came off, was overwritten because it was not retrieved within two hours. Here’s what else flyers should know about the Boeing 737 Max 9 as the story develops.
  Read More
• 🏈Go Blue
  There are a lot of happy people across the US because Michigan ...
  There are a lot of happy people across the US because Michigan took down Washington 34–13 for the school’s first college football championship since 1997. The game marks the end of an era for the sport because next season will look very different. The College Football Playoff is expanding to 12 teams, and realignment will further obliterate conferences’ regional flair. Among the changes: Michigan and Washington will be Big Ten rivals, the University of California is joining the Atlantic Coast Conference, and the Pac-12 will have two teams.
  Read More
• ☕️What Else is Brewing Tuesday Morning
  Markets: Stocks surged yesterday, shaking off the rust from last week to post the ...
  Markets: Stocks surged yesterday, shaking off the rust from last week to post the first big rally of 2024. The Nasdaq jumped 2.2% as tech stocks found their groove, just in time for the start of CES today. The rebound did not extend to Boeing, which plummeted 8% following the grounding of its 737 Max 9 planes due to the Alaska Airlines incident.
  
  Apple announced that its highly anticipated Vision Pro headset will launch in February.
  
  Johnson & Johnson will pay $700 million to settle claims that it failed to warn consumers about the health risks of its talc-based baby powder.
  
  Astronomers discovered that Neptune is actually light blue, not dark blue as previously thought.
  
  China said it detained an individual who it claims is a spy for the UK’s intelligence service, MI6.
  
  Pope Francis called for a global ban on the “despicable” practice of gestational surrogacy.
  Read More
• Closing Market Update for Monday
  The major indexes posted their highest closes so far this year as investors looked ahead to monthly consumer...
  The major indexes posted their highest closes so far this year as investors looked ahead to monthly consumer and producer price reports at the end of the week.
  
  (Monday market close) The S&P 500^® index (SPX) and the Nasdaq Composite^® (COMP) posted firm gains Monday to end at their highest closes of the year so far as the market bounced back from a soft start to 2024 and investors look ahead to key monthly inflation numbers and big bank earnings later this week.
  
  The Dow Jones Industrial Average^® (DJI) posted a modest gain despite a slump in member Boeing (BA), which fell 8% after the Federal Aviation Administration (FAA) temporarily grounded dozens of the company's 737 Max 9 aircraft after a section of an Alaska Air Group (ALK) plane blew out Friday night. Strength in semiconductors helped lift the Nasdaq.
  
  Otherwise, investors moved past last week's mixed jobs numbers and waited for the Consumer Price Index (CPI) and the Producer Price Index (PPI) reports on Thursday and Friday. Both reports will be studied closely for clues to the path of Federal Reserve interest rate policy. Here's where the major benchmarks ended:
  

  
  
  • The S&P 500 index was up 66.30 points (1.4%) at 4,763.54; the Dow Jones Industrial Average was up 216.90 points (0.6%) at 37,683.01; the Nasdaq Composite was up 319.70 points (2.2%) at 14,843.77.
  
  
  • The 10-year Treasury note yield (TNX) was down about 3 basis points at 4.015%.
  
  
  • The Cboe^® Volatility Index (VIX) was down 0.28 at 13.07.
  
  

  
  
  Read More

• Prev
• Next