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• ☕️What Else is Brewing Friday Morning
  Historybook: Ivan the Great dies (1505); Philadelphia is founded (1682); President...
  Historybook: Ivan the Great dies (1505); Philadelphia is founded (1682); President Teddy Roosevelt born (1858); New York City subway opens (1904); American poet and novelist Sylvia Plath born (1932).
  

  
  
  • The UK’s controversial online safety bill, which aims to hold tech companies accountable for protecting kids from harmful content, officially became law yesterday.
  
  
  • 23andMe is rolling out a $1,188-per-year tool to identify users’ genetic vulnerabilities as part of its broader transition from a DNA-testing service into a healthcare company.
  
  
  • Google is adding a bunch of new AI-powered features to Maps in an effort to make it easier to search for destinations and explore your surroundings.
  
  
  • The Beatles announced that their last new song, “Now and Then,” will be released next week after artificial intelligence helped recover John Lennon’s vocals from an old cassette.
  
  
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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery fell $2.18 to $83.21 a barrel Thursday. Brent crude for December delivery fell $2.20 to $87.93 a barrel.
  
  Wholesale gasoline for November delivery fell 2 cents to $2.26 a gallon. November heating oil rose 1 cent to $3.04 a gallon. November natural gas rose 20 cents to $3.21 per 1,000 cubic feet.
  
  
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• U.S. stocks post back-to-back drop as big tech shares tumble
  U.S. stocks closed sharply lower Thursday, pulled down by tumbling shares of big technology firms, despite...
  U.S. stocks closed sharply lower Thursday, pulled down by tumbling shares of big technology firms, despite a strong report on quarterly economic growth. The Dow Jones Industrial Average DJIA shed about 251 points, or 0.8%, ending near 32,784, according to preliminary FactSet data. The S&P 500 Index SPX closed down 1.2% and the Nasdaq Composite Index COMP dropped 1.8%, sinking the tech-heavy index deeper into correction territory.
  
  Stocks continued to feel pressure from skittishness around third-quarter earnings and about the so-called Magnificent Seven stocks. Shares of Meta Platforms META Alphabet GOOG Microsoft MSFT Nvidia NVDA Tesla TSLA Apple AAPL and Amazon.com AMZN each ended lower Thursday.
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• Energy Commentary for Thursday
  Energy stocks opened the session in the red, with a confluence of headwinds...

  Energy stocks opened the session in the red, with a confluence of headwinds weighing, including lower broader equity futures and weaker oil prices.  Oil prices are trading around two-week lows.  Earnings are continuing to stream in across the energy sector.

  
  

  Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on fears of a broader conflict in the Middle East.  "The movements of oil markets are primarily involved with the Hamas-Israel war," said Tina Teng, markets analyst at CMC.

  
  

  Natural gas futures are higher by 2 cents in light trading as prices narrow around the $3 level.  Weekly inventory data is expected to show a build of 83 Bcf.

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• Northern Oil and Gas A&D Gains Traction through Permian ‘Ground Game’
  Non-op E&P Northern Oil and Gas (NOG) picked up its third-quarter...
  Non-op E&P Northern Oil and Gas (NOG) picked up its third-quarter A&D ground game in the Permian Basin, snagging 5.7 net in-process or future drilling locations and approximately 514 net acres, the company said in a third-quarter activity update.
  
  The majority of wells from the transactions were spud by the end of the third quarter and are expected to turn in line to sales in 2024, the company said in an Oct. 25 activity update.
  
  So far this year, NOG’s ground game added an estimated 24.9 net in-process or future drilling locations and approximately 1,823 net acres through 31 transactions at what the company described as “attractive full-cycle returns.” The company is also aggressively adding acreage through larger M&A in 2023, including three deals valued at nearly $1 billion.
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