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• DAILY OIL PRICE: December 18, 2025
  Crude Oil: 56.15   (+0.21)....
  
  
  • Crude Oil: 56.15   (+0.21).
  
  
  • Nymex MTD AVG: 58.1394.
  
  
  • Natural Gas: 3.908   (-0.116).
  
  
  • Gasoline: 1.7013   (+0.0070).
  
  
  • Spreads: January/February (+0.15)     February/March (+0.14).
  
  
  • Plains WTI Posting: 52.63   (+0.21).
  
  

  
  Source: Odessa American
  
  
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• Nasdaq closes sharply higher, Dow and S&P 500 snap 4-day losing streaks
  The three major U.S. stock-market indexes ended higher...

  The three major U.S. stock-market indexes ended higher on Thursday.

  
  

  Stocks pulled ahead after strong earnings from Micron Technology revived some excitement in the AI trade, while a softer-than-expected inflation report helped investors make the case for more Federal Reserve interest-rate cuts in 2026.

  
  

  Stocks held on to those gains throughout the day. Although the Nasdaq Composite was up as much as 2% at one point, the index was off of those highs by the end of the day.

  
  

  The Dow Jones Industrial Average ended the day about 0.1% higher, according to preliminary data from FactSet.

  
  

  The S&P 500 closed 0.8% higher.

  
  

  The Nasdaq Composite ended 1.4% higher.

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• Christmas Day Gasoline Prices Set To Fall To Covid-Era Levels
  U.S. gasoline prices are set to fall to the lowest level since 2020,...
  U.S. gasoline prices are set to fall to the lowest level since 2020, thanks to increasing supplies, despite some ongoing refinery maintenance, GasBuddy has predicted. GasBuddy has predicted that U.S. motorists will pay an average of $2.79 per gallon on Christmas Day, down from $2.95 per gallon a year ago. That will mark the cheapest gas since prices averaged $2.26 per gallon in the Christmas of 2020.
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• China’s Gasoline Exports Plummeted 51.7% in November
  Recent data from Chinese customs reveals a...

  Recent data from Chinese customs reveals a complex landscape for the nation’s downstream sector. Total refined product exports in November reached 5.12 million tons, marking a 13.3% increase from October despite a slight 2.2% year-on-year decline. For the first eleven months of 2025, cumulative exports have contracted by 3.2% to 52.65 million tons.

  
  

  Market performance remains bifurcated across product lines. Jet fuel continues to lead growth, with November exports surging 53.6% to 2.43 million tons. Conversely, gasoline exports plummeted 51.7% in November, reflecting a broader 16% year-to-date decline. On the processing side, refinery throughput remains robust. November runs averaged 14.86 million barrels daily, a 39% increase over 2024 levels, even as maintenance sidelined 1.2 million barrels of daily capacity. These figures underscore China’s strategic pivot toward high-demand middle distillates while navigating fluctuating global gasoline requirements and aggressive crude stockpiling.

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• ☕️What Else is Brewing Thursday Morning
  WBD board urged shareholders to reject Paramount’s hostile...
  WBD board urged shareholders to reject Paramount’s hostile takeover bid. It could be back to the drawing board for Paramount Skydance and CEO David Ellison’s quest to buy rival Warner Bros. Discovery after the latter’s board told investors that Netflix’s bid is better. In a letter to shareholders, the WBD board said Paramount’s offer contains “gaps, loopholes, and limitations” that put the company at risk. WBD also accused Paramount of misleading it about financing. Paramount’s latest offer included billions in funding from three Middle East sovereign wealth funds, as well as backing from Affinity Partners, the private equity firm founded by President Trump’s son-in-law Jared Kushner, though Affinity pulled out of the deal on Tuesday. Ellison said he believes the Paramount offer is still superior to Netflix’s and was “encouraged” by feedback he received from WBD shareholders.
  
  President Trump sought to ease economic concerns with a prime-time address, in which he announced a “warrior dividend” for every US soldier and promised “aggressive housing reform” next year.
  
  Tricolor executives were charged with “systemic fraud” after the subprime auto lender was found to have pledged the same loans to multiple lenders and falsified data.
  
  Nick Reiner appeared in an LA courtroom for the first time yesterday after being charged with two counts of murder in the deaths of his parents, beloved filmmaker and actor Rob Reiner and photographer Michele Singer Reiner.
  
  The Senate passed a $901 billion defense spending bill that also pressures Defense Secretary Pete Hegseth to show lawmakers unedited video of the controversial strikes on alleged drug boats in the Caribbean.
  
  X updated its Terms of Service to mention Twitter and countersued a startup, Operation Bluebird, that claimed X relinquished its right to the name after it rebranded itself.
  
  Pardon My Take and two other Barstool podcasts will put videos of their episodes on Netflix after the sports media company signed a multiyear partnership with the streaming giant.
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