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• Oil and gas rig count holds steady in Oklahoma
  Oklahoma’s oil and gas rig count held steady over the past week while...
  Oklahoma’s oil and gas rig count held steady over the past week while the nationwide numbers declined by one, leaving 620 active drilling rigs across the U.S. reported Baker Hughes Co. on Friday.
  
  Oklahoma’s count totaled 44 rigs, the same as a week ago but 14 lower than one year ago.
  
  Nationally, the count included a gain of two oil rigs to reach 508 while the number of gas drilling rigs declined two to 110. The U.S. count is 131 down from last year at this time when the national numbers totaled 751. The drop included 82 oil rigs and 48 gas rigs.
  
  Oklahoma’s count of 44 compared to Texas where there was a gain of 7 rigs to a total of 297. New Mexico dropped by three to 108 while North Dakota remained at 32 rigs. 
  
  Source: OK Energy Today
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• U.S. stocks rebound Friday, but Dow still books its worst week of the year
  U.S. stocks closed higher Friday, as investors weighed new data showing...
  U.S. stocks closed higher Friday, as investors weighed new data showing the economy added more jobs than expected in March, but major indexes still finished down for the week.
  
  The Dow Jones Industrial Average rose 307.06 points, or 0.8%, to close at 38,904.04.
  
  The S&P 500 gained 57.13 points, or 1.1%, to finish at 5,204.34.
  
  The technology-heavy Nasdaq Composite added 199.44 points, or 1.2%, to end at 16,248.52.
  
  For the week, the Dow dropped 2.3%, the S&P 500 shed 1% and the Nasdaq fell 0.8%. The Dow suffered its biggest weekly percentage drop since March 2023, with the U.S. stock market struggling to start April after a strong first quarter.
  
  
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose 32 cents to $86.91 per barrel Friday. Brent crude for June delivery rose 52 cents to $91.17 per barrel.
  
  Wholesale gasoline for May delivery was unchanged at $2.79 a gallon. May heating oil rose 3 cents to $2.77 a gallon. May natural gas rose 2 cents to $1.79 per 1,000 cubic feet.
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• DOE cuts back SPR buy due to high oil prices
  The Energy Department announced it won't award oil supply contracts...
  The Energy Department announced it won't award oil supply contracts for Bayou Choctaw Strategic Petroleum Reserve in Louisiana in August and September due to high oil prices. The DOE had set its purchase price at $79 per barrel or below and had planned to buy 3 million barrels for the reserve site.
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• Drought in western Canada spills over to oil fields
  Four years of drought is creating problems for oil drilling in western...
  Four years of drought is creating problems for oil drilling in western Canada, which has resulted in restrictions and bans on using municipal water supplies for oil fields. "Oil and natural gas companies are actively increasing use of alternative water sources such as low-quality groundwater, municipal wastewater, and recycled produced water to reduce fresh water needs," said Richard Wong of the Canadian Association of Petroleum Producers.
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