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• Closing Oil & Gas Prices
  Benchmark...

  Benchmark U.S. crude oil for May delivery fell $2.67 to $82.69 per barrel Wednesday. Brent crude for June delivery fell $2.73 to $87.29 per barrel.

  
  

  Wholesale gasoline for May delivery fell 9 cents to $2.73 a gallon. May heating oil fell 8 cents to $2.57 a gallon. May natural gas fell 2 cents to $1.71 per 1,000 cubic feet.

  
  
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• Stocks fall as S&P 500, Nasdaq see longest stretch of daily losses since January
  All three major U.S. stock indexes finished lower on Wednesday as the...
  All three major U.S. stock indexes finished lower on Wednesday as the prospect of higher-for-longer interest rates weighed on investors, handing the S&P 500 and Nasdaq Composite their longest streak of losses in more than three months.
  
  The Dow Jones Industrial Average closed down by 45.66 points, or 0.1%, at 37,753.31, based on preliminary data.
  
  The S&P 500 ended lower by 29.20 basis points, or 0.6%, at 5,022.21.
  
  The Nasdaq Composite finished down by 181.88 points, or 1.2%, at 15,683.37.
  
  The S&P 500 and Nasdaq each finished with their fourth straight session of losses on Wednesday — the longest stretch since the four- and five-day periods, respectively, that ended on Jan. 4.
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• Yellen Expects Further Sanctions on Iran, Oil Exports Possible Target
  U.S. Treasury Secretary Janet Yellen said on April 16 that she intends...
  U.S. Treasury Secretary Janet Yellen said on April 16 that she intends to hit Iran with new sanctions in coming days due to its unprecedented attack on Israel, and it could seek to reduce Iran's capacity to export oil.
  
  "With respect to sanctions, I fully expect that we will take additional sanctions action against Iran in the coming days," Yellen said, adding that Iran's oil exports remain "in focus as a possible area that we could address."
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• Asian LNG Prices Soar on Fears of Wider Middle East Conflict
  After lingering at around multi-month lows for nearly the entire winter...
  After lingering at around multi-month lows for nearly the entire winter heating season in the northern hemisphere, spot LNG prices for delivery into north Asia have jumped in recent days amid fears that an Israeli response to the Iranian attack could escalate into a regional conflict that could obstruct LNG cargo flows around the Middle East, most notably via the Strait of Hormuz, where 20% of the world’s LNG trade passes.
  
  Yet, spot LNG prices for delivery into North Asia surged on Tuesday to above $11 per million British thermal units (MMBtu), traders told Bloomberg.
  
  That’s the highest spot LNG price in Asia since early January 2024 and a 40% surge since the end of February.  
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• Gas plant explosion in Greenwood, Texas
  The Midland County Sheriff's office is currently evacuating within an...
  The Midland County Sheriff's office is currently evacuating within an estimated one-mile radius of a gas plant explosion in Greenwood which occurred early Wednesday morning. There have been no injuries reported at the scene which is reported to be near the intersection of FM 1379 and ECR 120. Residents within this area have been asked to leave immediately and avoid the vicinity until it is deemed safe to return.
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