OklahomaMinerals.com

Snippets

• U.S. Gas Storage Rises 71 Bcf, Prices Retreat
  The U.S. Energy Information Administration (EIA) reported a 71...
  The U.S. Energy Information Administration (EIA) reported a 71 Bcf injection into the nation’s natural gas storage for the week ending Sept. 5, meeting market expectations and sending commodity prices lower.
  
  According to the EIA’s weekly report, working natural gas in storage was about 3.343 Tcf as of Sept. Stocks were 38 Bcf less than last year at the same time and 188 Bcf above the five-year average of 3.155 Tcf.
  
  The market consensus forecast was a 69 Bcf injection. The front-month futures price at the Henry Hub hit $3.15/MMBtu on Sept. 9 before retreating. Following the EIA’s report release on Sept. 11, prices fell 9.5 cents, closing at $2.93/MMBtu.
  
  A combination of mild weather and scheduled maintenance work on Gulf Coast gas transport pipelines led to the bearish market for the week, according to analysts.
  Read More
• Trump Says Person Is in Custody in Connection With Kirk Shooting
  President Trump said on Friday that a person was in custody...

  President Trump said on Friday that a person was in custody in connection with the fatal shooting of the right-wing activist Charlie Kirk, and while he cautioned that his information was preliminary, said it was “the person we’re looking for.”

  
  

  Mr. Trump offered few details in an interview with “Fox and Friends.” But he said that a minister who is a member of law enforcement had communicated with the father of a suspect in the shooting and that the person was turned in to the authorities. A law enforcement official confirmed the details of the president’s remarks, adding that a man had been taken into custody around 11 p.m. Friday by Utah state and local police.

  Read More
• The Economy: Inflation is heating up
  The economic picture is starting to look like someone took a Polaroid...
  The economic picture is starting to look like someone took a Polaroid of a Jackson Pollock painting. It’s still developing, but you can already tell it’s going to be a bit jumbled.
  
  Annual inflation hit 2.9% last month, marking the fastest increase since January. Jobless claims are ticking up, too—the latest sign of a softening labor market. That puts the Fed in a tough spot headed into next week’s meeting, where it’ll decide on an interest rate cut.
  

  Prices were a mixed bag

  
  The Bureau of Labor Statistics reported yesterday that the consumer price index (CPI) rose 0.4% from July to August. Airfare jumped 5.9% and car repairs spiked 2.4% month over month, while dairy and bakery products only rose 0.1%.
  
  But no one got hit harder than Ron Swanson. Year over year:
  

  
  
  • Roasted coffee was up 21.7%.
  
  
  • Uncooked beef steaks were up 16.6%.
  
  
  • Eggs were up 10.9%.
  
  
  • Bacon was up 7.2%.
  
  

  
  There was some good news: Hospital services and car insurance rates were flat, and shelter prices are slowing down.
  Read More
• ☕️What Else is Brewing Friday Morning
  Markets: The S&P 500 is at the point where every...
  Markets: The S&P 500 is at the point where every time it goes up, it will notch a new record, and it went up yesterday, thus notching another new record. That was despite a marked rise in inflation, which investors have become accustomed to shrugging off. Elsewhere, the meme stock Opendoor skyrocketed after it named Shopify COO Kaz Nejatian as its CEO.
  
  Jair Bolsonaro, the former president of Brazil, was found guilty by the country’s Supreme Court of orchestrating a coup attempt after his 2022 election defeat.
  
  Robinhood, the popular investing app, is launching a social network where users can track the trades of their friends and public figures.
  
  Democratic senators are calling for hearings on JPMorgan’s ties to Jeffrey Epstein.
  
  Uber was sued by the DOJ for allegedly discriminating against disabled riders, which the company denied.
  
  Spinal Tap II hits theaters today, more than 40 years after the cult music mockumentary first turned things up to 11.
  Read More
• DAILY OIL PRICE: September 11, 2025
  Crude Oil: 62.37   (-1.30)....
  
  
  • Crude Oil: 62.37   (-1.30).
  
  
  • Nymex MTD AVG: 63.0536.
  
  
  • Natural Gas: 2.934   (-0.095).
  
  
  • Gasoline: 1.9793   (-0.0287).
  
  
  • Spreads: October/November (+0.29)     November/December (+0.23).
  
  
  • Plains WTI Posting: 58.85   (-1.30).
  
  

  
  Source: Odessa American
  
  
  Read More

• Prev
• Next