OklahomaMinerals.com

Snippets

• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery fell $1.91 to $82.31 a barrel Thursday. Brent crude for December delivery fell $1.74 to $84.07 a barrel.
  
  Wholesale gasoline for November delivery fell 1 cent to $2.19 a gallon. November heating oil fell 15 cents to $2.87 a gallon. November natural gas rose 21 cents to $3.17 per 1,000 cubic feet.
  
  
  Read More
• Gas prices to drop like 'wet feathers,' analyst says
  Gasoline prices are slowly pulling back from ...
  Gasoline prices are slowly pulling back from 2023 highs last month. But as crude continues to pull back, drivers can expect fuel costs to drop like "wet feathers," says one oil analyst.
  
  Gasoline futures (RB=F) are forecasting the drop, down about $0.43 in the last week. The current national average for retail gasoline is $3.77 versus $3.84 a week ago, according to AAA.
  
  Many areas will see falling prices as winter-grade fuel, which is less expensive to produce, makes its way into the market.
  
  A bulk of the downward pricing pressure is also due to demand, which is at the lowest seasonal levels in 25 years, according to the latest Energy Information Administration data.
  Read More
• September jobs data is due Friday. Economists forecast lower unemployment rate
  The United States is expected to add 170,000 jobs in September, keeping the increase below 200,000 for...
  The United States is expected to add 170,000 jobs in September, keeping the increase below 200,000 for the fourth month in a row. The last time that happened was in 2018.
  

  
  
  Even those small increases, however, have been enough to soak up all the new people entering the labor market each month. Federal Reserve officials believe the economy needs no more than 75,000 to 100,000 jobs a month.
  
  Anything more than that could exacerbate the worst labor shortage since World War II, drive wages up, and make it harder for the Fed to get inflation under control.
  
  
  Read More
• U.S. stocks close slightly lower as investors wait for jobs data on Friday
  U.S. stocks finished slightly lower on Thursday as investors weighed a rise in ...
  U.S. stocks finished slightly lower on Thursday as investors weighed a rise in initial jobless claims that was slightly smaller than expected while looking ahead to the widely-anticipated employment report on Friday. The Dow Jones Industrial Average DJIA closed little changed, while the S&P 500 SPX slipped 0.1% and the Nasdaq Composite COMP shed 0.1%, according to preliminary data from FactSet. Investors are waiting for the U.S. employment report on jobs growth in September, scheduled to be released by the government on Friday morning before the stock market opens.
  Read More
• Permian drilling slowdown fuels Waha gas price rally
  Reduced Permian Basin natural gas production due to slowed drilling activity has helped push Waha Hub...
  Reduced Permian Basin natural gas production due to slowed drilling activity has helped push Waha Hub forward gas prices above the benchmark Henry Hub, setting the stage for a stronger regional gas price environment this winter. Additionally, the upcoming startup of two brownfield gas pipeline expansions could alleviate midstream constraints and bolster prices further.
  Read More

• Prev
• Next