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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose $1.32 to $81.95 per barrel Monday. Brent crude for May delivery rose $1.32 to $86.75 per barrel.
  
  Wholesale gasoline for April delivery rose 1 cent to $2.75 a gallon. April heating oil rose 3 cents to $2.68 a gallon. April natural gas fell 4 cents to $1.62 per 1,000 cubic feet.
  
  
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• MarketWatch: U.S. stocks close lower as Dow, S&P 500 log back-to-back declines
  The three major U.S. stock indexes closed lower on Monday, taking a breather...
  The three major U.S. stock indexes closed lower on Monday, taking a breather from a strong rally in the first quarter.
  
  The Dow Jones Industrial Average shed about 162 points, or 0.4%, ending near 39,313.
  
  The S&P 500 index fell 15 points, or 0.3%, closing near 5,218
  
  The Nasdaq Composite Index shed 44 points, or 0.3%, finishing at 16,384.
  
  On Friday, the Dow and S&P 500 closed lower, while the Nasdaq swept to its fifth record close of 2024.
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• Boeing CEO Dave Calhoun to step down, and the stock surges
  Shares of Boeing Co. rallied Monday, as the aerospace and defense giant’s...
  Shares of Boeing Co. rallied Monday, as the aerospace and defense giant’s chief executive, Dave Calhoun, said he will step down at the end of the year. The stock BA, 1.20% climbed 4.1%, to pace the S&P 500 index’s SPX premarket gainers.
  
  The company also announced several other management changes. The CEO of its commercial-airplaines business will retire, and the chairman of the board will step down.
  
  “The eyes of the world are on us, and I know that we will come through this moment a better company,” said Calhoun, who became Boeing CEO in January 2020.
  
  Source: MarketWatch
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• Fed’s Goolsbee expects three rate cuts this year
  Chicago Fed President Austan Goolsbee said Monday he now expects three...
  Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.
  
  In an interview on Yahoo Finance, Goolsbee wouldn’t discuss when the Fed might start cutting rates. He said he didn’t want to discuss individual meetings. “I don’t like tying our hands or signaling that we’ve made up our minds,” he said.
  
  Last week, the Fed held interest rates steady in a range of 5.25%-5.5%. The median forecast of Fed officials was for three cuts.
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• International News
  The US has urged Ukraine not to strike Russian oil refineries, fearing...
  The US has urged Ukraine not to strike Russian oil refineries, fearing it could drive up prices and prompt retaliation, reports say. Ukraine responded that it wouldn’t stop these attacks, calling the refineries legitimate military targets.
  
  Russia struck an underground gas storage facility in western Ukraine during Sunday’s missile and drone attack, underlining threats to the country’s energy system.
  
  The Iran-backed Houthi terror group struck a Chinese ship amidst its blockade of the Red Sea, despite previously giving assurances that Chinese vessels would be given safe passage. In the early hours of Sunday morning, the Yemeni Houthi militia launched four anti-ship ballistic missiles into the Red Sea in the vicinity of M/V Huang Pu, a Panamanian-flagged, and Chinese-owned and operated oil tanker, US Central Command (Centcom) reported.
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