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• ☕️What Else is Brewing Friday Morning
  Groundhog Punxsutawney Phil did not see his shadow on Groundhog Day 2024, meaning an early spring is...
  Groundhog Punxsutawney Phil did not see his shadow on Groundhog Day 2024, meaning an early spring is on the way. Like most Feb. 2s in the past 137 years, crowds gathered at Gobbler's Knob to hear Punxsutawney Phil make his prediction.
  
  American Express made changes to its SkyMiles credit cards in a bid to win over upset Delta customers.
  
  Defense Secretary Lloyd Austin apologized for failing to notify President Biden that he was hospitalized for prostate cancer.
  
  Tennessee and Virginia sued the NCAA over the legality of its name, image, and likeness (NIL) guidelines.
  
  French farmers unions said they would end their protest against the government after the two sides came to a détente.
  
  Donald Trump spent more than $55 million of donor money on legal fees for himself and his associates in the last year, according to new filings.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for March delivery fell...
  Benchmark U.S. crude oil for March delivery fell $2.03 to $73.82 per barrel Thursday. Brent crude for April delivery fell $1.85 to $78.70 per barrel.
  
  Wholesale gasoline for March delivery fell 4 cents to $2.19 a gallon. March heating oil fell 8 cents to $2.71 a gallon. March natural gas fell 5 cents to $2.05 per 1,000 cubic feet.
  
  
  
   
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• Dow Jones ends up 370 points as stocks recover from 2-day selloff
  U.S. stock indexes finished higher on Thursday, on the heels of Wall...
  U.S. stock indexes finished higher on Thursday, on the heels of Wall Street’s worst two-day decline since October, as investors awaited earnings reports from three mega-cap technology companies after the closing bell: Apple Inc., Amazon.com and Meta Platforms.
  
  The S&P 500 SPX rose 60.54 points, or 1.3%, to end at 4,906.19, snapping its two-day losing streak, according to Dow Jones Market Data.
  
  The Dow Jones Industrial Average DJIA added 369.54 points, or nearly 1%, to finish at 38,519.84, setting a record for the blue-chip index.
  
  The Nasdaq Composite COMP surged 197.63 points, or 1.3%, ending at 15,361.64.
  
  
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• Energy Sector Commentary
  Energy stocks opened in the green following...

  Energy stocks opened in the green following yesterday’s sharp sell-off, as higher oil prices and strength in the broader benchmarks lend support.  Earnings continue to pick up across the sector.  Shell announced the commencement of a share buyback program and intends to raise its dividend.

  
  

  Oil prices are higher, rebounding from yesterday’s steep losses.  OPEC+ JMMC will not make any changes to the current production policy following a meeting this morning.

  
  

  Natural gas futures are up half a percent as traders await weekly inventory data.  Analysts expect a draw of 194 bcf.

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• US crude inventories rise, distillate stocks fall on cold weather
  U.S. crude stocks rose last week as refineries recovered from freezing...
  U.S. crude stocks rose last week as refineries recovered from freezing weather, the Energy Information Administration said on Wednesday.
  
  Crude inventories rose by 1.2 million barrels to 420.7 million barrels in the week ended January 26, the EIA said, compared with analysts' expectations in a Reuters poll for a 217,000-barrel draw.
  
  Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2 million barrels last week, the EIA said.
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