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• U.S. stocks close mostly higher as Dow, S&P 500 kick off 2026 with gains
  Major Indices: The S&P 500 closed up...
  
  
  • Major Indices: The S&P 500 closed up 0.19% at 6,858.47 on the first trading day of 2026. The Dow Jones Industrial Average gained 319.10 points, or 0.66%, to settle at 48,382.39, while the Nasdaq Composite slipped 0.03% to finish at 23,235.63.
  
  
  • Market Movement: Both the S&P 500 and Nasdaq had been much stronger earlier in the session, with the S&P 500 and Nasdaq trading higher by 0.7% and 1.5% at their peaks respectively, before pulling back by the close.
  
  
  • Winners: Semiconductor stocks provided support, with Micron Technology hitting all-time highs and rising more than 7%
  
  
  • The small-cap Russell 2000 added 1.1%, outpacing the broader market
  
  
  • Wayfair jumped around 6% and RH increased roughly 8% after President Trump postponed tariff increases on upholstered furniture and kitchen cabinets
  
  
  • Vertiv shares popped 8% after a Barclays upgrade, while Sandisk jumped almost 11%
  
  
  • Losers:  Tesla stock fell after the EV maker's deliveries missed expectations
  
  
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• Maduro Says He Welcomes U.S. Investments in Venezuela’s Oil
  Venezuelan President Nicolas Maduro has signaled...

  Venezuelan President Nicolas Maduro has signaled a potential opening for U.S. operators, stating that the nation is prepared to accept American investment in its hydrocarbon sector despite escalating diplomatic tensions. Citing existing operations by Chevron as a precedent, Maduro called for "serious talks" with Washington, even offering cooperation on counter-narcotics agreements.

  
  

  This diplomatic overture contrasts sharply with the current operational environment driven by intensified U.S. sanctions. A naval blockade ordered by President Trump in early December has severely disrupted export logistics, forcing tanker deviations and causing a significant revenue decline. The bottleneck is now impacting upstream operations; reports indicate PDVSA has begun shutting in extra-heavy crude wells in the Orinoco Belt as storage inventories hit capacity. While Maduro projects a conciliatory tone, describing Venezuela as a "friendly government," the industry faces immediate headwinds from the blockade and targeted actions against coastal infrastructure.

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• DAILY OIL PRICE: January 2, 2026
  Crude Oil: 57.32   (-0.10)....
  
  
  • Crude Oil: 57.32   (-0.10).
  
  
  • Nymex MTD AVG: 57.3700.
  
  
  • Natural Gas: 3.618   (-0.068).
  
  
  • Gasoline: 1.6982   (-0.0072).
  
  
  • Spreads: February/March (+0.20)     March/April (+0.14).
  
  
  • Plains WTI Posting: 53.80   (-0.10).
  
  

  
  Source: Odessa American
  
  
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• ☕️What Else is Brewing Friday Morning
  Markets: The stock market was closed yesterday to give...
  Markets: The stock market was closed yesterday to give traders time to sleep it off start the new year off right. And although stocks dipped slightly on Wednesday before the champagne started flowing, they still capped off an impressive year. Despite volatility as the market reacted to ever-changing tariff news, hope for AI (which some fear is a bubble) carried the day. All three major indexes rose over 2025, and the S&P 500 clinched its third straight year of double-digit gains. It’s also likely to be remembered as the year retail investors joined the big leagues.
  
  A fire at a New Year’s party in a Swiss ski resort’s bar killed about 40 people and left more than 100 injured, authorities said yesterday.
  
  Zohran Mamdani was sworn in as the mayor of New York City, after campaigning on addressing affordability with changes like free buses and child care. Many of his ambitious proposals would require raising taxes on wealthy New Yorkers—something that would require support from the state government.
  
  Multiple people were killed amid protests in Iran over economic conditions.
  
  Tariffs on furniture and kitchen cabinets that President Trump had slated to begin yesterday were delayed for a year. The US also sharply lowered planned tariffs on Italian pasta.
  
  The ACA subsidies at the heart of the government shutdown fight expired, raising insurance premiums for millions of Americans.
  
  President Trump said Wednesday that he would withdraw National Guard troops from Chicago, Los Angeles, and Portland, Oregon. The announcement came after the Supreme Court upheld a ruling blocking the deployment in Chicago.
  
  Betty Boop entered the public domain yesterday after the copyright protection on the cartoon character expired. Notable works about several fictional detectives also became available for public use, including writings about Nancy Drew, Sam Spade, and Miss Marple.
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• DAILY OIL PRICE: December 30, 2025
  Crude Oil: 57.95   (-0.13)....
  
  
  • Crude Oil: 57.95   (-0.13).
  
  
  • Nymex MTD AVG: 57.8610.
  
  
  • Natural Gas: 3.972   (-0.715).
  
  
  • Gasoline: 1.7210   (+0.0058).
  
  
  • Spreads: February/March (+0.21)     March/April (+0.16).
  
  
  • Plains WTI Posting: 54.43   (-0.13).
  
  

  
  Source: Odessa American
  
  
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