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• ☕️What Else is Brewing Thursday Morning
  Jamie Dimon flags his biggest concerns. The JPMorgan CEO said the Russia-Ukraine war,...
  Jamie Dimon flags his biggest concerns. The JPMorgan CEO said the Russia-Ukraine war, and its impact on global relations, is the top threat to the world. The event, he said, could be “an inflection point for the free democratic world.”
  
  Delta’s CEO said changes to its frequent flier program “went too far” and the company will modify it again soon.
  
  Kia and Hyundai recalled 3.4 million vehicles in the US due to fire risk and urged owners to park their cars outdoor.
  
  Sen. Bob Menendez of New Jersey pleaded not guilty to taking bribes, including cash and gold bars, but many of his fellow Democrats are calling for him to step down. Elsewhere, Senate decorum was restored by...reinstating the formal dress code.
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• US futures waver as oil rally hits pause: Stock market news today
  Wall Street stock futures fought for gains on Thursday, struggling to shake off the downbeat mood hanging...
  Wall Street stock futures fought for gains on Thursday, struggling to shake off the downbeat mood hanging over markets despite a pullback in the oil rally, as investors waited for an update on US economic growth.
  
  Futures on the S&P 500 (^GSPC) futures and the Dow Jones Industrial Average (^DJI) traded slightly above the flatline, while those on the tech-heavy Nasdaq 100 (^NDX) were broadly unchanged.
  
  Oil prices pulled back on Thursday, as West Texas Intermediate futures (CL=F) fell to $93.50 a barrel after topping $95 earlier in the morning. Brent crude futures (BZ=F) were down 0.5% at $96.09, having neared $97.
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• Oil prices finish at highest level in a year
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery rose $3.29 to $93.68 a barrel Wednesday. Brent crude for November delivery rose $2.59 to $96.55 a barrel.
  
  Wholesale gasoline for October delivery rose 4 cents to $2.60 a gallon. October heating oil rose 9 cents to $3.31 a gallon. October natural gas rose 10 cents to $2.76 per 1,000 cubic feet.
  
  
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• S&P 500 ekes out gain as oil climbs, Treasury yields punch higher
  U.S. stocks ended mostly higher on Wednesday in a choppy session...
  U.S. stocks ended mostly higher on Wednesday in a choppy session that saw major equity gauges swing between gains and losses. The Dow Jones Industrial Average DJIA ended 68 points lower, or 0.2%, finishing near 33,550, according to preliminary FactSet data. The S&P 500 Index SPX eked out a less than 0.1% gain, even though its energy segment rose 2.5%, while the Nasdaq Composite Index COMP gained 0.2%. Stocks have been under pressure as Treasury yields punch higher and investors gauge if the Federal Reserve will make good on its revised forecast to keep interest rates higher for longer than earlier anticipated.
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• Natural gas inventory - How Much is Left?
  A new report found multiple decades of natural gas resources across North America that can break...
  A new report found multiple decades of natural gas resources across North America that can break even below at a $3/MMBtu Henry Hub price.
  
  Some of the cheapest locations for gas are in Appalachia’s Marcellus and Canada’s Montney Shales. The Marcellus and Montney make up more than 80% of the locations with breakevens below $2.75/MMBtu Henry Hub.
  
  The Haynesville Shale accounts for a quarter of the locations that break even between $2.75/MMBtu and $3/MMBtu.
  
  Enverus estimates that only four years of gas drilling locations with sub-$2.75/MMBtu Henry Hub breakevens remain in the Haynesville, the Eagle Ford, and the Midcontinent.
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