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• DAILY OIL PRICE: October 20, 2025
  Crude Oil: 57.52   (-0.02)....
  
  
  • Crude Oil: 57.52   (-0.02).
  
  
  • Nymex MTD AVG: 59.6570.
  
  
  • Natural Gas: 3.397   (+0.389).
  
  
  • Gasoline: 1.8302   (-0.0075).
  
  
  • Spreads: November/December (+0.50)     December/January (+0.03).
  
  
  • Plains WTI Posting: 54.00   (-0.02).
  
  

  
  Source: Odessa American
  
  
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• Dow closes up 515 points as stocks end sharply higher
  U.S. stocks ended sharply higher on Monday as investors...

  U.S. stocks ended sharply higher on Monday as investors continued to digest third-quarter corporate earnings, while a senior White House adviser said the government shutdown could end this week.

  
  

  The Dow Jones Industrial Average went up 515.97 points or 1.1% to end at 46,706.58, according to Dow Jones Market Data.

  
  

  The S&P 500 rose 71.12 points or 1.1% to close at 6,735.13.

  
  

  The Nasdaq Composite advanced 310.57 points or 1.4% to finish at 22,990.54

  
  

  All three stock indexes logged back-to-back daily gains.

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• Iraq’s Biggest Gas Field Set To Boost Output By 50% After Early Completion
  Iraq’s Khor Mor gas field, the country’s largest non-associated...
  Iraq’s Khor Mor gas field, the country’s largest non-associated gas field, is set to increase output by 50% to 750 million standard cubic feet per day (MMscf/d) after the field’s key stakeholders, Crescent Petroleum and Dana Gas, delivered project KM250 eight months ahead of schedule. KM250 will also produce 7,000 barrels of condensate per day and 460 tonnes per day of LPG, supplementing the current production of 15,200 bbl/d of condensate and 1,070 t/d of LPG. [read more Khor Mor gas field]
  
  Located in the Kurdistan Region of Iraq (KRI), the project will bolster power generation and industrial growth across the KRI, underpinning the Kurdistan Regional Government’s initiative to deliver 24-hour electricity, while boosting power supply to other regions of Iraq. The $1.1 billion project was listed on the Nordic Alternative Bond Market and backed by financing from the U.S. Development Finance Corporation (DFC) and the Bank of Sharjah, as well as proceeds from Pearl Petroleum's $350 million senior secured bonds. Crescent Petroleum and Dana Gas own 35% stake apiece in the Khor Mor gas field.
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• Trump announces plan to stop aid to Colombia, US’ longtime Latin American ally.
  Yesterday, the president posted remarks to Truth Social that ...
  Yesterday, the president posted remarks to Truth Social that denigrated Colombian President Gustavo Petro as “an illegal drug leader strongly encouraging the massive production of drugs” across Colombia. He also announced all forms of aid or subsidies to the country would be cut off because of what President Trump sees as Petro not doing enough to stop the flow of drugs from Colombia to the US. Colombia had been receiving around $700 million in aid per year from the US in the recent past, but that figure dropped to $230 million in the fiscal year that ended Sept. 30, according to the Associated Press. Petro denied the accusations and accused the Trump administration of assassinating an innocent Colombian fisherman in a missile strike last month, for which Petro said he would initiate legal proceedings against the US.
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• ☕️What Else is Brewing Monday Morning
  Tesla headlines corporate earnings: The federal tax...
  Tesla headlines corporate earnings: The federal tax credit for electric vehicles expired at the end of September, so investors will be eager to hear from Tesla on Wednesday to see how it expects the next quarter to go. GM reports earnings on Tuesday, and Ford reports on Thursday. In other industries, Netflix and Coca-Cola report earnings on Tuesday, IBM details its results on Wednesday, followed by Intel on Thursday and Procter & Gamble on Friday.
  
  Israel and Hamas accused each other of violating their ceasefire agreement, which President Trump said remains in place despite attacks in Gaza this weekend.
  
  Ukrainian President Volodymyr Zelensky and President Trump ended up in a “shouting match” last week, with Trump urging Zelensky to accept Russia’s terms for ending the war, the Financial Times reported.
  
  A cargo plane skidded off the runway in Hong Kong, killing two ground workers.
  
  Rodrigo Paz, a pro-market centrist, won Bolivia’s runoff presidential election.
  
  Japan’s aging population is fueling a succession crisis in the country’s family businesses.
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