OklahomaMinerals.com

Snippets

• ☕️What Else is Brewing Wednesday Morning
  Markets: Stocks were ...
  Markets: Stocks were mixed yesterday, with the S&P 500 and Nasdaq inching up and the Dow dropping ahead of the release of key inflation data later this week. Tuesday’s big winner was Viking Therapeutics, whose stock more than doubled after it reported positive results for its weight-loss drug trial in a bid to break into a sector dominated by Eli Lilly and Novo Nordisk.
  
  Donald Trump and President Biden cruised to victory in their party’s primaries in the swing state of Michigan. As of last night, about 13% of Democratic voters had chosen “uncommitted” to protest Biden’s handling of the war in Gaza.
  
  IPO updates: Shein is reportedly considering switching its listing from New York to London after meeting US resistance, while Swedish fintech startup Klarna is moving forward with its US IPO, valued at $20 billion.
  
  Chevron said its $53 billion deal to buy Hess could be in jeopardy due to Exxon Mobil and China’s Cnooc challenging the acquisition.
  
  BYD unveiled a luxury hybrid SUV that can float in the event it falls into water.
  
  Sony laid off 900 PlayStation workers, or 8% of the division’s global workforce, after it cut the sales forecast for the PS5.
  Read More
• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for April delivery ...
  Benchmark U.S. crude oil for April delivery rose $1.29 to $78.87 per barrel Tuesday. Brent crude for April delivery rose $1.12 to $83.65 per barrel.
  
  Wholesale gasoline for March delivery rose 3 cents to $2.34 a gallon. March heating oil fell 1 cent to $2.75 a gallon. March natural gas fell 4 cents to $1.62 per 1,000 cubic feet.
  
  
  Read More
• Dow Jones ends down nearly 100 points as stock rally stalls after run to records
  Wall Street took another breather on Tuesday, with the Dow Jones Industrial...
  Wall Street took another breather on Tuesday, with the Dow Jones Industrial Average suffering its worst day in over a week after notching multiple record highs earlier this month, while investors eyed fresh data on slipping consumer attitudes and awaited a closely watched inflation gauge due later in the week.
  
  The S&P 500 SPX was up 0.2%, ending around 5,078, according to preliminary data from FactSet.
  
  The Dow Jones Industrial Average DJIA dropped 0.3%, to finish near 38,972. It was the largest one-day point and percentage decline for the blue-chip index since Feb. 16, according to Dow Jones Market Data.
  
  The Nasdaq Composite COMP advanced 0.4%, to end around 16,035, snapping a two-day losing streak.
  Read More
• Oklahoma gas prices are 20 cents higher than a month ago
  The U.S. average is $3.27 per gallon while Oklahoma’s average is $2.87....
  The U.S. average is $3.27 per gallon while Oklahoma’s average is $2.87. The Oklahoma average price is up four weeks from a week ago and 20 cents higher than a month ago according to AAA Oklahoma.
  
  Oklahoma City motorists pay an average of $2.83, two cents more than a week ago and 11 cents higher than a month earlier.
  
  Tulsa’s average is $2.90, 12 cents more than last week and 28 cents higher than last month.
  Read More
• U.S. durable-goods orders dropped more than 6% in January
  The numbers: Orders for durable or long-lasting goods...
  The numbers: Orders for durable or long-lasting goods sank 6.1% in January, but the decline was exaggerated by a brief lull in orders for Boeing passenger planes. Economists polled by The Wall Street Journal had forecast a 5% decline.
  

  
  
  New orders fell by a mild 0.3% last month if planes and cars were stripped out. Orders minus transportation give a more accurate view of how well businesses are performing.
  
  A key measure of business investment, meanwhile, was basically flat. So-called core orders edged up 0.1% in January.
  
  Big picture: The industrial side of the economy has been showing signs of recovery after a long stretch of weakness.
  
  
  Read More

• Prev
• Next