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• S&P 500, Nasdaq log best day in over a week as tech leads stock-market rebound
  Stocks: A better-than-expected ...
  Stocks: A better-than-expected private payroll report from ADP gave investors hope that the labor market isn’t doing too badly, helping push indexes higher across the board.
  
  Bonds: Treasury yields popped as Supreme Court justices indicated skepticism about the legality of President Trump’s tariff policies, raising the possibility that the White House will lose its case—and all the tariff revenue it has collected.
  
  Commodities: Gold recovered a bit of its mojo, getting back to within striking distance of $4,000. But oil continued to flounder as traders worried about oversupply.
  
  U.S. stocks closed higher on Wednesday, clawing back some of the sharp losses from the day before, when tech and more speculative corners of the market were hit hard.
  
  The Dow Jones Industrial Average gained about 225 points, or 0.5%, ending near 47,311, based on preliminary data.
  
  The S&P 500 index rose 0.4%
  
  The Nasdaq Composite Index gained 0.7%.
  
  It was the biggest daily percentage gain for the S&P 500 and Nasdaq since Oct. 27-28, according to FactSet.
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• DAILY OIL PRICE: November 5, 2025
  Crude Oil: 59.60   (-0.96)....
  
  
  • Crude Oil: 59.60   (-0.96).
  
  
  • Nymex MTD AVG: 60.6340.
  
  
  • Natural Gas: 4.232   (-0.111).
  
  
  • Gasoline: 1.9093   (-0.0135).
  
  
  • Spreads: December/January (+0.18)     January/February (+0.15).
  
  
  • Plains WTI Posting: 56.08   (-0.96).
  
  

  
  Source: Odessa American
  
  
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• Diamondback says the gap in oil glut forecasts is “big enough to drive a truck through.”
  Diamondback says the gap in oil glut...

  
  

  Diamondback says the gap in oil glut forecasts is “big enough to drive a truck through.”
  
  Its research backs OPEC’s estimate of a sub-500 kb/d oversupply.
  
  Still, it sees no need for more barrels without a clear price signal.https://t.co/1roADpG5vQ#OilMarkets #OPEC #IEA… pic.twitter.com/X6ygZlkQU0

  
  — Art Berman (@aeberman12) November 4, 2025

  
  
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• API Reports Sizeable Crude Oil Build
  The American Petroleum Institute (API) estimated...

  The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.5 million barrels in the week ending October 31.

  
  Crude oil inventories in the United States are so far showing a net gain of 3.6 million barrels for the year, according to Oilprice calculations of API data.
  
  Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) have risen by 500,000 barrels to 409.6 million barrels in the week ending October 31 as the government attempts to replenish the nation’s oil stockpile that shrank during the Biden Administration.
  
  Gasoline inventories saw a large decrease of 5.653 million barrels in the week ending October 31, after losing 6.3 million barrels in the week prior.
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• Longest shutdown ever
  Today marks the 36th day of the ongoing government shutdown, officially...
  Today marks the 36th day of the ongoing government shutdown, officially making it the lengthiest in US history. The previous recordholder was the 35-day shutdown during President Trump’s first term in 2018–2019.
  
  The shutdown’s effects are mounting, as many Americans are forced to go without their usual federal assistance and flight delays increasingly snarl airports. Transportation Secretary Sean Duffy said there could be “mass chaos” next week if the shutdown continues. But there may be some hope: Senate leaders suggested yesterday that they’re getting closer to a deal that would reopen the government.
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