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• Closing Market Update
  (Friday market close) U.S. stocks...

  (Friday market close) U.S. stocks ended mixed Friday, but the S&P 500® index (SPX) and Nasdaq Composite® (COMP) still extended seven-week winning streaks behind encouraging signs on inflation and the economy and beliefs the Federal Reserve will pivot to interest rate cuts in 2024. The Dow Jones Industrial Average® (DJI) posted a record closing high for the third straight day.

  
  

  Here's where the major benchmarks ended:

  
  The S&P 500 index was down 0.36 points at 4,719.19, up 2.5% for the week; the Dow Jones Industrial Average was up 56.81 points (0.2%) at 37,305.16, up 2.9% for the week; the Nasdaq Composite was up 52.36 points (0.4%) at 14,813.92, up 2.8% for the week.
  
  The 10-year Treasury note yield(TNX) was down about 2 basis points at 3.913%.
  
  The Cboe® Volatility Index (VIX) was down 0.20 at 12.28.
  
  
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for January delivery...

  Benchmark U.S. crude oil for January delivery fell 15 cents to $71.43 per barrel Friday.

  
  

  Brent crude for February delivery fell 6 cents to $76.55 per barrel.

  
  

  Wholesale gasoline for January delivery rose 2 cents to $2.14 a gallon.

  
  

  January heating oil rose 3 cents to $2.62 a gallon.

  
  

  January natural gas rose 10 cents to $2.49 per 1,000 cubic feet.

  
  
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• Delaware Basin E&P Battalion Oil Acquired for $450 Million
  Public Permian player Battalion Oil...

  Public Permian player Battalion Oil Corp. is being acquired by a private E&P after continuing to explore strategic alternatives.

  
  

  Fury Resources Inc. will acquire all of Battalion’s outstanding common shares for $9.80 per share in cash, representing a total transaction value of approximately $450 million, the companies announced on Dec. 15.

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• Just Stop Oil Activist Jailed for Six Months
  A climate activist has been jailed for six months after pleading guilty to taking part...

  A climate activist has been jailed for six months after pleading guilty to taking part in a peaceful slow march protest on a London road.

  
  

  The sentence handed to Stephen Gingell, 57, is thought to be the first jailing under a new law that critics say makes anyone walking in a road liable for prosecution for “interference with key national infrastructure”.

  
  

  Section 7 of the Public Order Act 2023 bans any act that prevents newspaper printing presses, power plants, oil and gas extraction or distribution sites, harbors, airports, railways or roads “from being used or operated to any extent”, with a potential penalty of 12 months in jail.

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• Carbon Capture Storage Projects at Gas & Coal Plants Get $890MM Boost
  The Energy Department has announced up to $890...

  The Energy Department has announced up to $890 million in federal funding to be split between several carbon capture and storage projects at natural gas and coal plants in North Dakota, Texas, and California. The projects collectively aim to block the release of about 8.54 million short tons of carbon dioxide per year.

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