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• DAILY OIL PRICE: December 12, 2025
  Crude Oil: 57.44   (-0.16)....
  
  
  • Crude Oil: 57.44   (-0.16).
  
  
  • Nymex MTD AVG: 58.7379.
  
  
  • Natural Gas: 4.113   (-0.118).
  
  
  • Gasoline: 1.7521   (-0.0077).
  
  
  • Spreads: January/February (+0.20)     February/March (+0.16).
  
  
  • Plains WTI Posting: 53.92   (-0.16)
  
  

  
  Source: Odessa American
  
  
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• Stock Market Closing Report - Friday, December 12, 2025
  U.S. stocks pulled back sharply on Friday as a rotation...

  U.S. stocks pulled back sharply on Friday as a rotation out of high-flying technology stocks accelerated, with investors reassessing AI valuations following disappointing earnings from Broadcom and continued weakness from Oracle.

  
  🔴 Dow Jones Industrial Average: slipped 0.5%.
  
  🔴 S&P 500: dropped roughly 1%, one day after surging above the 6,900 level for the first time.
  
  🔴 Nasdaq Composite: fell 1.6%, continuing a tech slump.
  
  Weekly Performance: Friday's moves cemented a brutal week for tech stocks in particular, with the Nasdaq down 1.6% and the S&P 500 down 1% for the week. The Dow bucked the trend, rising 1% for the week.
  

  Market Drivers: The selloff was driven by growing concerns about AI overvaluation and margin compression. Broadcom dropped 11%, even after the company beat fourth-quarter expectations and gave a strong forecast, saying artificial intelligence chip sales look to double. Analysts attributed the decline to concerns about margin compression.

  
  

  Oracle was on track for a 12% drop, extending Thursday's losses as investors continued to worry about aggressive AI spending that hasn't yet translated to clear returns.

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• Geothermal startup Fervo raises $462M
  Fervo Energy has secured $462 million in a funding round that includes...
  Fervo Energy has secured $462 million in a funding round that includes participation from Google. The funding will help Fervo continue development of a 500-megawatt power plant in Utah and begin development of additional projects to meet rising energy demand from data centers. Fervo's enhanced geothermal technology, which uses techniques from the oil and natural gas industry, has reduced well-drilling times and costs.
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• Lake Charles LNG project on track for early 2026 FID
  Energy Transfer expects to reach a final investment decision on its 18.18-million-short-ton-per-...
  Energy Transfer expects to reach a final investment decision on its 18.18-million-short-ton-per-year Lake Charles LNG project in Louisiana early next year after locking in enough long-term sales agreements to advance the development, Lake Charles LNG Vice President Amy Chen Davis said at a Houston conference. Davis said she remains confident in long-term LNG fundamentals, noting that lower prices often stimulate additional demand.
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• Apollo, Capital Power plot $3B investment in US gas plants
  Apollo Global Management has partnered up with Canadian power producer...
  Apollo Global Management has partnered up with Canadian power producer Capital Power to pursue up to $3 billion in equity-backed acquisitions of US natural gas-fired power plants. Apollo will contribute 75% of the capital while Capital Power will hold a 25% to 50% working interest in each asset, a structure that allows both parties to act quickly on opportunities.
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