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• EIA cuts US oil production forecast for 2023
  The Energy Information Administration has revised down its...
  The Energy Information Administration has revised down its US oil and natural gas projections for 2023 to 12.9 million barrels per day and a record 103.68 Bcf/d, respectively. While petroleum consumption is expected to decrease to 20.1 million bpd, the agency has raised its 2023 estimates for US gas demand and average liquefied natural gas exports to 89.42 Bcf/d and 11.80 Bcf/d, respectively.
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• ☕️What Else is Brewing Thursday Morning
  Historybook: Napoleon Bonaparte leads coup and became dictator of France (1799); Actress...
  Historybook: Napoleon Bonaparte leads coup and became dictator of France (1799); Actress and inventor Hedy Lamarr born (1914); Astronomer Carl Sagan born (1934); First issue of Rolling Stone published (1967).
  
  > Amazon introduces discounted One Medical membership for Prime members at $9 per month, or $99 per year; Amazon acquired primary care clinic operator One Medical last year for $3.9B (More) | General Motors' self-driving vehicle business Cruise recalls 950 robotaxis over software issues (More)
  
  Citigroup was fined $26 million for discriminating against Armenian American credit card applicants, whom it characterized as prone to fraud.
  
  Ivanka Trump testified that she wasn’t involved in putting together the financial statements at the heart of the New York civil fraud trial against her father and brothers.
  
  The rate for a 30-year mortgage finally fell last week with its biggest drop in over a year, spurring an uptick in new applications.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery fell $2.04 to $75.33 per barrel Wednesday. Brent crude for January delivery fell $2.07 to $79.54 per barrel.
  
  Wholesale gasoline for December delivery fell 4 cents to $2.13 a gallon. December heating oil fell 9 cents to $2.75 a gallon. December natural gas fell 3 cents to $3.11 per 1,000 cubic feet.
  
  
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• USGS: 5.2-magnitude quake shakes West Texas
  One of the strongest earthquakes in West Texas history took place...
  One of the strongest earthquakes in West Texas history took place Wednesday morning, according to the U.S. Geological Survey. The strongest of the tremors on Wednesday took place at a depth of 4.34 miles, according to the USGS.
  
  The USGS reported a 5.2-magnitude earthquake took place around 4.24 a.m. 23 miles west-southwest of Mentone in far West Texas.
  
  The quake was one of dozens to take place Wednesday morning in the region, according to EarthquakeTrack.com, and the strongest in West Texas going back to Dec. 16, 2022 – when a 5.2-magnitude quake shook Midland.
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• S&P 500 ekes out gain, stocks extend longest win streak in two years
  U.S. stocks finished mostly higher on Wednesday, extending a rally fueled by falling U.S. bond yields...
  U.S. stocks finished mostly higher on Wednesday, extending a rally fueled by falling U.S. bond yields and their longest win streak in two years. The Dow Jones Industrial Average DJIA shed about 39 points, or 0.1%, ending near 34,112, according to preliminary FactSet data. The S&P 500 Index SPX closed up 0.1%, after flipping between small gains and losses, while the Nasdaq Composite Index COMP also gained 0.1%. The S&P 500 and Nasdaq on Tuesday logged their longest string of wins since November 2021. Investors remained focused on what clarity Federal Reserve officials might offer on the potential path of interest rates, with Fed Chairman Jerome Powell set to deliver a closely watched speech on Thursday. The recent rally in stocks came as benchmark rates used as a peg to finance the economy continued to ease. The 10-year Treasury yield TMUBMUSD10Y pulled back to 4.522% on Wednesday, after briefly touching a 16-year high of 5% in October.
  
  
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