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• ☕️What Else is Brewing Tuesday Morning
  Stat: When it comes to cash, it really is all about...
  Stat: When it comes to cash, it really is all about the Benjamins: There are more $100 bills in circulation than any other kind of US paper money, according to the Wall Street Journal. And there are now more than twice as many hundos out there as there were in 2012, data from the Federal Reserve shows. The prevalence of the denomination is in part because people tend to hang on to them longer than smaller bills, rather than forcing a cashier to hold them up to the light. But these days, most transactions aren’t happening with any bills—cash is only the third most popular payment method in the US, with 60% of payments being made with credit or debit cards
  
  Donald Trump is appealing the $350 million verdict against him in the New York civil fraud case. Meanwhile, prosecutors have asked the judge to impose a gag order on Trump in an upcoming New York criminal trial over an alleged hush money payment to porn star Stormy Daniels.
  
  US Air Force member Aaron Bushnell died after lighting himself on fire outside the Israeli embassy in Washington, DC, saying he would “no longer be complicit in genocide.”
  
  The lunar lander Odysseus sent back its first images from the moon. But the Intuitive Machines spacecraft’s mission is expected to be cut short since it landed on its side, giving its solar panels less sunlight.
  
  Altice USA’s stock jumped 36% yesterday following reports that Charter Communications is thinking about buying the broadband company.
  
  Adidas is selling off another batch of Yeezy sneakers after cutting ties with rapper Ye over his antisemitic comments.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for April delivery ...
  Benchmark U.S. crude oil for April delivery rose $1.09 to $77.58 per barrel Monday. Brent crude for April delivery rose 91 cents to $82.53 per barrel.
  
  Wholesale gasoline for March delivery rose 3 cents to $2.31 a gallon. March heating oil rose 7 cents to $2.76 a gallon. March natural gas rose 6 cents to $1.66 per 1,000 cubic feet.
  
  
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• Natural Gas Futures Move Higher
  Natural gas futures are higher by 6.6% as forecasts point to the possibility...
  Natural gas futures are higher by 6.6% as forecasts point to the possibility of cold weather returning the second week of March. Hedge funds and other money managers sold the equivalent of 399 Bcf in the two major futures and options contracts linked to prices at Henry Hub in Louisiana over the seven days ending on Feb. 20. Fund managers have been net sellers in each of the most recent five weeks, selling 2,085 Bcf since Jan. 16, according to position reports filed with the U.S. Commodity Futures Trading Commission.
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• Energy Sector Commentary for Monday
  The energy sector is off to a...

  The energy sector is off to a slightly higher start, supported by modest strength in the major equity futures. The broader markets are set to kick off the week higher as investors wait for inflation data which is expected later this week. 

  
  

  WTI and Brent crude oil futures are edging lower, adding to last week’s declines on continued concerns over demand growth. Market participants are keeping an eye on the latest developments in the Middle East as last night, White House national security adviser Jake Sullivan told CNN that negotiators for the United States, Egypt, Qatar, and Israel had agreed on the basic contours of a hostage deal during talks in Paris but are still in negotiations. Houthis over the weekend targeted a U.S.-owned tanker, the Torm Thor. Goldman Sachs raised its summer 2024 Brent peak forecast to $87 from $85 as Red Sea disruptions spur modestly larger OECD commercial draws. They expect 2024 global demand growth of +1.5M bpd with a decline in China being offset by US/India increase and believe OPEC+ will extend voluntary cuts through 2Q24.

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• Grid operators urge natural gas supplier collaboration
  The Regional Transmission Organizations, a group of US grid operators,...
  The Regional Transmission Organizations, a group of US grid operators, is calling for improved cooperation with natural gas providers, particularly for grids that depend on their supplies. Among a number of suggestions, the group calls on the Federal Energy Regulatory Commission to help bring an end to multiday trading requirements for natural gas on weekends and holidays, replacing them with "a more transparent and centralized secondary market."
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