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• Crude rebounds on latest China COVID-19 lockdown news
  China’s move to ease its COVID-19 lockdown of Shanghai sent crude oil prices up by more than 6% in...
  China’s move to ease its COVID-19 lockdown of Shanghai sent crude oil prices up by more than 6% in Tuesday’s trading. Both U.S. and global benchmark crude posted their highest finish in a week.
  
  West Texas Intermediate crude for May delivery rose $6.31 or 6.85% and settled at $100.60 a barrel in trading on the New York Mercantile Exchange. WTI had dropped 4% on Monday and the front prices had not been above $100 since April 5.
  
  Global benchmark Brent crude rose 6.3% or $6.16 a barrel to finish at $104.64 on ICE Futures Europe, the highest finish in a week.
  
  Natural gas for May delivery went up 0.6% to finish the day at $6.68 per MMBtu.
  
  From OK Energy Today
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• MarketWatch: U.S. stocks end lower Tuesday, surrendering earlier gains
  Stocks recorded their biggest blown lead in more than a month on Tuesday, as investors...
  Stocks recorded their biggest blown lead in more than a month on Tuesday, as investors debated if the latest rise in the consumer price index could mean peak inflation. The Dow Jones Industrial Average DJIA, -0.26% fell around 88 points, or 0.3%, to close near 34,220, according to preliminary figures, after rising 362 points, or 1.1%, at its session high. That marks its biggest blown lead since March 11, according to Dow Jones Market Data. The S&P 500 SPX, -0.34% fell 0.3% after previously rising as much as 1.3%, while the Nasdaq Composite COMP, -0.30% gave up a 2% gain to end 0.3% lower. That's the biggest erased gains for those two indexes since March 8. Bond yields retreated after U.S. consumer prices rose 1.2% in March, for an 8.5% yearly gain, the fastest pace since January 1982.
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• Delek increases Permian midstream footprint 🐾
  Delek Logistics Partners has agreed to...
  Delek Logistics Partners has agreed to pay $624.7 million for 3Bear Delaware Holding-NM's oil and natural gas gathering, processing and transportation assets, as well as water disposal and recycling operations in the Delaware Basin in New Mexico. 3Bear's portfolio includes a 485-mile pipeline network, 120,000 barrels of crude storage capacity, 88 million cubic feet per day of cryogenic natural gas processing capacity and 200,000 barrels per day of water disposal capacity.

  
   
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• 🔥RRH: New Permian mineral listings in Howard County, TX
  Core Permian Minerals Howard County, TX 48.3...
  Core Permian Minerals
  Howard County, TX
  48.3 NRA across 3 tracts
  Operators: Chevron, Laredo, Birch
  40+ wells permitted or being drilled
  Rigs on site.  Log in or get access at http://redriverhub.com
  
  
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• The Motley Fools Top Energy Stock to Buy in April
  ExxonMobil ( ...
  ExxonMobil ( XOM -3.44% ) is the largest of the oil giants with a $358 billion valuation and an impressive portfolio of assets that it intends to use for its benefit and the benefit of its shareholders. It just announced its $10 billion Yellowtail project off the coast of Guyana that it's partnered with Hess ( HES -1.00% ) on, which will add 250,000 barrels per day of oil production through six drill centers and as many as 26 production and 25 injection wells. Exxon owns 45% of the project, Hess 30%.
  
  The combination of a robust pipeline of low-cost growth prospects and rising energy prices means the moment is still ripe for oil stock investments. With Exxon making its own commitment to buy back $10 billion worth of stock, while maintaining and even raising its dividend, as it has for the past 39 years, ExxonMobil continues to be my top energy stock to buy now.
  
  Source: Motley Fool
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