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• Devon Energy keeps oil at center of its strategy
  Devon Energy will continue...
  Devon Energy will continue to prioritize oil operations in liquids-rich formations such as the Delaware Basin due to oil's higher profitability compared to natural gas, CEO Rick Muncrief said. Additionally, Devon plans to invest $100 million this year to expand Delaware Basin gas gathering and processing infrastructure amid expectations of sustained growth in gas and natural gas liquids volumes.
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• Putin threatened the West with nuclear war over Ukraine intervention
  In his annual speech on Thursday, the Russian leader warned that if NATO...
  In his annual speech on Thursday, the Russian leader warned that if NATO countries send their own troops to help Ukraine fend off Russia’s invasion, it could lead to a nuclear conflict. “All this truly threatens a conflict with the use of nuclear weapons, and therefore the destruction of civilization,” Putin warned. “We also have weapons that can strike targets on their territory. Do they not understand this?” His warning appeared to be in response to French President Emmanuel Macron earlier this week saying that the possibility of NATO countries sending troops to Ukraine should not be ruled out.
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• ☕️What Else is Brewing Friday Morning
  The deadly Texas wildfire is now the largest in the state’s...
  The deadly Texas wildfire is now the largest in the state’s history. The Smokehouse Creek Fire, which has scorched 1 million acres in the Texas Panhandle and another 31.5k in Oklahoma, is also the second-largest in US history. At least one person died, several homes and ranches were destroyed, and many others were left without power. As of Thursday, the fire was only 3% contained, CNN reported. Experts warned that the combination of dry air and turbulent wind expected this weekend could make the situation worse. One state official said that thousands of cattle will die.
  
  Neuralink, the brain-chip company co-founded by Elon Musk, was cited by the FDA over animal testing issues, Reuters reported.
  
  Tesla, the auto company co-founded by Elon Musk, can be sued by over 6,000 Black factory workers over its alleged failure to address racism at a California plant, a judge ruled.
  
  President Joe Biden and Donald Trump both visited the southern border yesterday as immigration remains one of the key issues of the 2024 election.
  
  The SEC is reportedly investigating the internal communications of OpenAI CEO Sam Altman to see if the company misled investors.
  
  The Brothers Winklevii agreed to return more than $1 billion to customers as part of a settlement between their crypto exchange, Gemini, and the New York Department of Financial Services.
  
  Reckitt, the company that owns Durex condoms, is testing livestream shopping in China to boost sales.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for April delivery ...
  Benchmark U.S. crude oil for April delivery fell 28 cents to $78.26 per barrel Thursday. Brent crude for April delivery fell 6 cents to $83.62 per barrel.
  
  Wholesale gasoline for March delivery rose 3 cents to $2.30 a gallon. March heating oil rose 2 cents to $2.68 a gallon. April natural gas fell 3 cents to $1.86 per 1,000 cubic feet.
  
  
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• Nasdaq hits record close for first time since 2021 as U.S. stocks end higher
  U.S. stocks ended higher on Thursday, with the S&P 500 and the Nasdaq...
  U.S. stocks ended higher on Thursday, with the S&P 500 and the Nasdaq Composite hitting a new record-high close, respectively, even after the PCE index rose in January at its fastest pace in four months.
  
  The Dow Jones Industrial Average rose 47.37 points or 0.1% to end at 38996.39 on Thursday, according to Dow Jones Market Data. It is up 846.09 points or 2.2% this month, in its fourth consecutive month of gain.
  
  The S&P 500 went up 26.51 points or 0.5% on Thursday to end at 5096.27, a record close. The index rose 250.62 points or 5.2% this month, and it was up 902.47 points or 21.5% over the last four months, recording its largest four-month point gain on record.
  
  The Nasdaq advanced 144.18 points or 0.9% to finish at 16,091.92, its first record close since November 19, 2021. It snaps the index's 569 trading day streak without a record which was the longest streak since the 3,801 trading day streak from March 2000 to April 2015, according to Dow Jones Market Data.
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