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• BP extends $232M US Gulf contract with Transocean
  BP has extended its partnership with Transocean, exercising a one-year...
  BP has extended its partnership with Transocean, exercising a one-year option worth $232 million for the Deepwater Atlas drillship in the American Gulf. The move builds on previous multi-year contracts and further secures work for Transocean into 2030, though the specific project has not yet been disclosed.
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• Hamas partially agrees to Trump’s Gaza plan, but wants to negotiate
  Hamas ...
  Hamas said yesterday it would agree to release all remaining hostages and give up power over the Gaza Strip, but that it wanted to negotiate further details of the 20-point peace plan President Trump unveiled this week alongside Israel’s Benjamin Netanyahu. Earlier in the day, Trump had given the group an ultimatum to accept the plan by Sunday, but following Hamas’s statement, Trump said, “I believe they are ready for a lasting PEACE,” and called on Israel to “immediately stop the bombing of Gaza, so that we can get the Hostages out safely and quickly!” Netanyahu’s government then said it was preparing to implement the “first stage” of the plan.
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• ☕️What Else is Brewing Saturday Morning
  Trump admin halts $2.1b for Chicago transit as shutdown continues. Trump’s...
  Trump admin halts $2.1b for Chicago transit as shutdown continues. Trump’s budget director, Russ Vought, said yesterday that the administration is withholding the money pegged for extending Chicago’s Red Line L train, making it the latest freeze on funds to a Democrat-led city since the federal government shut down. The administration has now frozen at least $28 billion in funding for Democratic cities and states, Reuters reports, as Trump seeks to target his opponents’ priorities during the shutdown. He has also threatened to fire federal workers. The shutdown is likely to last at least through the weekend after Democrats, who are demanding funding for Obamacare subsidies, rejected a Republican-backed bill to fund the government yesterday.
  
  The US killed four people whom Defense Secretary Pete Hegseth described as “male narcoterrorists,” in a fourth attack on what officials say are drug-smuggling boats from Venezuela. Questioned about the lawfulness of the strikes, the administration told Congress this week that the US is engaged in an “armed conflict” with drug cartels.
  
  Jeff Bezos said AI represents an “industrial bubble” that makes it hard for investors to tell the good ideas from the bad ones, but that the tech is real and will benefit society.
  
  One of the two victims killed in an attack on a Manchester synagogue on Yom Kippur appears to have been accidentally shot by police, authorities said.
  
  A fire broke out at a Chevron oil refinery near Los Angeles, potentially threatening California’s fuel supply.
  
  Apple and Google dropped apps from their stores that could be used to anonymously track ICE agents after the Justice Department demanded Apple do so.
  
  NBC’s content will remain on YouTube TV after NBCUniversal and Google clinched a multiyear distribution agreement.
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• DAILY OIL PRICE: October 4, 2025
  Crude Oil: 60.88   (+0.40)....
  
  
  • Crude Oil: 60.88   (+0.40).
  
  
  • Nymex MTD AVG: 61.0467.
  
  
  • Natural Gas: 3.324   (-0.118).
  
  
  • Gasoline: 1.8605   (+0.0095).
  
  
  • Spreads: November/December (+0.35)     December/January (+0.19).
  
  
  • Plains WTI Posting: 57.36   (+0.40).
  
  

  
  Source: Odessa American
  
  
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• Dow closes at fresh record high, Nasdaq ends lower as tech stocks struggle
  U.S. stocks closed mixed, with the S&P 500 eking...

  U.S. stocks closed mixed, with the S&P 500 eking out a fresh record high alongside the Dow Jones Industrial Average as both indexes extended their winning streaks.

  
  

  The Dow Jones Industrial Average gained 238.56 points, or 0.5%, to finish at 46,758.28.

  
  

  The S&P 500 edged up 0.44 point, or less than 0.1%, to end nearly flat at 6,715.79.

  
  

  The Nasdaq Composite fell 63.54 points, or 0.3%, to close at 22,780.51.

  
  

  All three indexes booked weekly gains amid a U.S. government shutdown, with the Dow and S&P 500 each climbing a sixth straight day. The S&P 500 clinched its 31st record close of the year, after wobbling Friday afternoon as its information technology sector turned lower.

  
  

  For the week, the S&P 500 and Dow each advanced 1.1%. The tech-heavy Nasdaq had a weekly gain of 1.3%, after snapping a five-day winning streak on Friday, according to Dow Jones Market Data.

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