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• DAILY OIL PRICE: October 8, 2025
  Crude Oil: 62.55   (+0.82)....
  
  
  • Crude Oil: 62.55   (+0.82).
  
  
  • Nymex MTD AVG: 61.3588.
  
  
  • Natural Gas: 3.333   (-0.165).
  
  
  • Gasoline: 1.9095   (+0.0156).
  
  
  • Spreads: November/December (+0.53)     December/January (+0.33).
  
  
  • Plains WTI Posting: 59.03   (+0.82).
  
  

  
  Source: Odessa American
  
  
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• Dow ends flat, S&P 500 and Nasdaq close at records after release of Fed minutes
  U.S. stocks finished mostly higher on Wednesday, with...

  U.S. stocks finished mostly higher on Wednesday, with the S&P 500 and Nasdaq Composite booking fresh all-time closing highs after the artificial-intelligence trade regained its footing.

  
  

  The S&P 500 gained 39.13 points, or nearly 0.6% to end at 6,753.72, a new record close. It was the index's largest one-day percentage gain since Sept. 26, according to Dow Jones Market Data.

  
  

  The Nasdaq Composite surged 255.02 points, or over 1.1% to finish at 23,043.38. The tech-heavy index scored its largest one-day point and percentage gain since Aug. 22.

  
  

  The Dow Jones Industrial Average ended flat, at 46,601.78.

  
  

  Investors on Wednesday piled back into megacap technology stocks with renewed enthusiasm after Nvidia Corp. Chief Executive Jensen Huang said that AI-computing demand has risen substantially in recent months. Shares of Nvidia jumped 2.2%, while Advanced Micro Devices Inc.'s stock was up 11.4% and Super Micro Computer Inc.'s stock rose 6.6%, according to FactSet data.

  
  

  Meanwhile, the U.S. government shutdown entered its eighth day.

  
  

  Earlier, minutes from the Federal Reserve's September policy meeting showed most officials said they would probably need to cut interest rates “over the remainder of the year” because of a worsening labor market and diminished risks of inflation.

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• Shutdown Delays Flights
  Over 9,000 flights were delayed Monday and...

  Over 9,000 flights were delayed Monday and Tuesday at U.S. airports due to air-traffic control staffing shortages during the federal government shutdown, Transportation Secretary Sean Duffy confirmed. The FAA noted a slight uptick in sick leave requests among controllers.

  
  

  The system faces critical understaffing, with 10,800 controllers versus the 14,633 needed. Nashville International Airport experienced delays exceeding two hours Tuesday, while Hollywood Burbank Airport shut down air-traffic operations entirely for several hours due to insufficient staff.

  
  

  Controllers are essential workers required to work without pay during shutdowns. Union officials warned the situation could discourage new recruitment for the already-pressured profession. FAA shortages worsen.

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• LandBridge Buys Delaware Basin Surface Acres for $250MM
  LandBridge Co. inked...

  LandBridge Co. inked a deal to acquire 37,500 surface acres in West Texas from 1918 Ranch & Royalty LLC.

  
  

  The deal includes 22,000 fee surface acres, 12,000 leasehold surface acres and 3,500 surface acres held under a long-term management agreement. The assets are in Loving, Reeves, Winkler and Ward counties, Texas.

  
  

  The total purchase price is $250 million, comprising $208.3 million in cash and $41.7 million in equity units of the acquiring company, LandBridge stated in a regulatory filing.

  
  

  The deal provides LandBridge with additional pore space to support its produced water handling infrastructure. Sister company WaterBridge Infrastructure is one of the largest produced water handlers and recyclers in the Delaware Basin.

  
  

  LandBridge said the acreage is also being positioned to support alternative energy development, which is being sited near current and planned transmission infrastructure.

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• Minerals company skyrockets after White House buys 10% stake
  If you hadn’t heard of Trilogy Metals, now you have. After the Trump...
  If you hadn’t heard of Trilogy Metals, now you have. After the Trump administration said it was investing $35.6 million in Trilogy to boost US supply of critical minerals from Alaska, the company’s stock ballooned by more than 200%. Trump’s investment and approval of mining permits reverse the Biden administration’s rejection of the project over environmental concerns. China remains the world leader in critical minerals, producing nearly 70% of its supply of rare earths, per CNBC.
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