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• Phillips 66 CEO bullish on refining as non-core sale mulled
  Phillips 66 is engaged in discussions regarding a potential sale of its non-core assets, which are valued...
  Phillips 66 is engaged in discussions regarding a potential sale of its non-core assets, which are valued at $3 billion, according to CEO Mark Lashier. Additionally, Lashier conveyed optimism about its refining business for the upcoming year and expressed confidence in the long-term potential of its CP Chemical joint venture with Chevron.
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• EOG exec: US oil growth to decline sharply in 2024
  EOG Resources President Billy Helms expects US oil production growth to slow down significantly in 2024,...
  EOG Resources President Billy Helms expects US oil production growth to slow down significantly in 2024, potentially amounting to less than 50% of last year's estimated 900,000-barrel-per-day increase. EOG plans to hold activity steady in core regions this year, although it may pursue an expansion in the Utica Shale, Helms told investors.
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• Alaska Airlines Grounds Fleet of Boeing 737 Max 9 Jets After Midair ‘Incident’
  Alaska Airlines grounded its fleet of Boeing 737 Max 9 aircraft on Friday after a flight operated by...
  Alaska Airlines grounded its fleet of Boeing 737 Max 9 aircraft on Friday after a flight operated by the airline made an emergency landing at Portland International Airport in Oregon that evening because of a midair pressure problem that passengers said blew out a chunk of the fuselage.
  
  Within hours, the company said that it was grounding all 65 of its Boeing 737 Max 9 aircraft until it could inspect each plane. Those planes make up about a fifth of its fleet. It said in a statement that it expected to complete the inspections within a few days.
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for February delivery...
  Benchmark U.S. crude oil for February delivery rose $1.62 to $73.81 per barrel Friday. Brent crude for March delivery rose $1.17 to $78.76 per barrel.
  
  Wholesale gasoline for February delivery was unchanged at $2.11 a gallon. February heating oil rose 2 cents to $2.61 a gallon. February natural gas rose 7 cents to $2.89 per 1,000 cubic feet.
  
  
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• U.S. stocks finish higher but snap nine straight weeks of gains
  U.S. stocks finished slightly higher on Friday but ended a nine-week...
  U.S. stocks finished slightly higher on Friday but ended a nine-week winning streak after investors weighed a stronger-than-expected jobs report.
  

  
  
  • The Dow Jones Industrial Average rose 25.77 points, 0.1%, to close at 37,466.11, booking back-to-back gains.
  
  
  • The S&P 500 gained 8.56 points, or 0.2%, to finish at 4,697.24, snapping four straight days of declines.
  
  
  • The Nasdaq Composite edged up 13.77 points, or 0.1%, to end at 14,524.07, ending a five-day losing streak.
  
  
  • For the week, the Dow fell 0.6%, the S&P shed 1.5% and the Nasdaq dropped 3.2%, according to Dow Jones Market Data. All three major indexes snapped nine straight weeks of gains.
  
  
  • In the bond market, Treasury yields rose on Friday. The yield on the 10-year Treasury note climbed 5.1 basis points to 4.041%, the highest rate since Dec. 12 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data.
  
  

  
  
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