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• U.S. Rig Count Ticks Higher As Permian Drillers Lead The Charge
  The number of total active drilling rigs in the United States rose by 3 this week, as...
  The number of total active drilling rigs in the United States rose by 3 this week, as WTI traded below $100, closing at $99.27 for the day on Friday.
  
  The total rig count increased to 673 this week—243 rigs higher than the rig count this time in 2021.
  
  Oil rigs in the United States rose by 2 rigs to 533, while gas rigs rose by 1 to 138. Miscellaneous rigs stayed the same.
  
  The rig count in the Permian Basin rose by 4 this week to 323.
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• Natural Gas Prices Break Out
  On Friday, natural gas prices broke out above trend line resistance, closing up almost...
  On Friday, natural gas prices broke out above trend line resistance, closing up almost 10 cents at $5.70 per MMBtu.  The weather is expected to be normal during the next 6-10 and 8-14 days, with warm on bost Coasts. The weather situation should ease heating demand.
  
  Short-term momentum has turned positive as the fast stochastic generated a crossover buy signal. Prices have moved back into overbought territory with the Fast Stochastic printing a reading of 93, above the overbought trigger level of 80.
  
  
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• Crude Oil Markets Finding Support Heading Into the Weekend
  WTI Crude Oil Technical Analysis The West Texas Intermediate Crude Oil market closed...
  WTI Crude Oil Technical Analysis
  The West Texas Intermediate Crude Oil market closed down $1.01 at $99.27 during the trading session on Friday, to reach the 50 Day EMA. Furthermore, we also have the uptrend line that sits right there as well, and it does suggest that perhaps we are ready for a bit of a bounce. In fact, you can even make an argument for a bit of a triangle.
  
  
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• MarketWatch: U.S. stocks finish higher after solid March jobs report
  U.S. stocks finished higher Friday, with the S&P 500 and Nasdaq Composite booking a third...
  U.S. stocks finished higher Friday, with the S&P 500 and Nasdaq Composite booking a third straight week of gains, as investors focused on a strong labor market that could smooth the way for a more aggressive path of interest rate hikes from the Federal Reserve as it seeks to tackle hot inflation. The Dow Jones Industrial Average DJIA, +0.40% added about 140 points, 0.4%, ending near 34,818, while the S&P 500 index SPX, +0.34% edged up 0.3% and the Nasdaq Composite advanced 0.3%. For the week, the S&P 500 rose 0.1% and the Nasdaq gained 0.7%, but the Dow ended 0.1% lower, halting its weekly win streak to two weeks.
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• Biden Wants Oil Companies to Pay Penalties on Unused Drilling Leases
  (Bloomberg) -- U.S. President Joe Biden wants oil drillers to pay penalties when federal leases go unused...
  (Bloomberg) -- U.S. President Joe Biden wants oil drillers to pay penalties when federal leases go unused in an effort to prod the industry into pumping more.
  
  The White House will call on Congress to “make companies pay fees on wells from their leases that they haven’t used in years and on acres of public lands that they are hoarding without producing,” the administration said in a statement on Thursday. “Companies that are producing from their leased acres and existing wells will not face higher fees.”
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