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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 $1.24 to $79.98 a barrel Friday. Brent crude for February delivery fell $1.31 to $85.57 a barrel.
  
  Wholesale gasoline for January delivery fell 6 cents to $2.28 a gallon. January heating oil fell 9 cents to $3.17 a gallon. January natural gas fell 46 cents to $6.28 per 1,000 cubic feet.
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• Dow ekes out gain as S&P 500, Nasdaq close in the red after jobs report
  Major U.S. stock indexes ended a choppy session mixed Friday, while still posting weekly gains, after...
  Major U.S. stock indexes ended a choppy session mixed Friday, while still posting weekly gains, after monthly jobs data showed the Federal Reserve's rapid pace of interest rate hikes has yet to tame the roaring labor market. The Dow Jones Industrial Average DJIA, +0.10% rose about 33 points Friday, or 0.1%, ending near 34,428, after flipping between gains and losses. The S&P 500 index shed 0.1% and the Nasdaq Composite Index COMP, -0.18% lost 0.2%, according to FactSet. The main benchmarks still booked a second weekly advance in a row. The Dow rose 0.2% for the week, the S&P 500 gained 1.1% and the Nasdaq closed the week up 2.1%, according to FactSet. A hope that Federal Reserve officials might be able to raise rates at a slower pace in December has been feeding a more bullish tone in markets over the past two months, helping to significantly trimming year-to-date losses. But with the U.S. unemployment rate still low at 3.7% and wages rising in November, concerns resurfaced about the potential need for aggressive Fed actions to bring inflation down. Economists said Friday that could put another jumbo rate increase back on the table ahead of the holidays.
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• TotalEnergies Transitions to Renewables in Kazakhstan with $330 Million Sale
  TotalEnergies unveiled on Dec. 1 the sale of its affiliate Total E&P Dunga GmbH in Kazakhstan as...
  TotalEnergies unveiled on Dec. 1 the sale of its affiliate Total E&P Dunga GmbH in Kazakhstan as part of the French energy giant’s plans to develop the largest renewable wind energy project in the Central Asian country.
  
  With the sale of the onshore Dunga oil field, TotalEnergies demonstrates a transition in its energy strategy, signing with partners Samruk-Kazyna and KazMunayGas to develop the Mirny project in Kazakhstan alongside its two solar power plants already in operation.
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• US oil production rose in Sept.; gas output hit record
  The US produced 12.27 million barrels per day in September, marking a 2.4% increase from August to reach...
  The US produced 12.27 million barrels per day in September, marking a 2.4% increase from August to reach the highest level since March 2020, with gains recorded in New Mexico, Texas and North Dakota, the Energy Information Administration reported. Meanwhile, gross natural gas production in the contiguous US climbed to a record 111.2 Bcf/d in September, the EIA said.
  
  Full Story: Reuters
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• ☕️What Else is Brewing Friday Morning
  The Senate followed the House in passing a bill that would block a nationwide rail strike. The bill...
  The Senate followed the House in passing a bill that would block a nationwide rail strike. The bill will now head to Biden’s desk for his signature.
  
  Twitter is offering “uncommonly generous deals” to advertisers to incentivize them to spend on its platform, according to Marketing Brew.
  
  South African President Cyril Ramaphosa is being called on to resign for covering up a theft from his private game farm. Quirky detail: The money had been stashed in a leather sofa.
  
  Stéphanie Frappart became the first woman to referee a men’s World Cup match yesterday. Other World Cup updates: Today is the final day of group play, Germany crashed out of the tournament, and US star Christian Pulisic said his family jewels were spared after suffering a “pelvic contusion” in the previous game against Iran.
  
  
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