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• Hurricane Melissa hit Jamaica as a Category 5
  The historic storm barreled into Jamaica on Wednesday morning with wind...
  The historic storm barreled into Jamaica on Wednesday morning with wind speeds of 185 mph, making it the most powerful hurricane ever to hit the country. It flooded roads and bridges and led to widespread internet outages, among other damage to infrastructure. Officials said that many Jamaicans ignored evacuation orders, with less than half of the country’s 800 shelters occupied as of yesterday, the New York Times reported. Because of power outages and other issues caused by the storm, it may be difficult to immediately know the extent of the damage and loss of life. A UN agency described it as “the storm of the century.” It fell to a Category 3 storm before restrengthening to a Category 4 as it approached Cuba. The country planned to evacuate 500,000 people to safety as it prepared for an overnight landfall.
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• ☕️What Else is Brewing Wednesday Morning
  Apple joined the $4 trillion club. For a brief moment...
  Apple joined the $4 trillion club. For a brief moment yesterday, Apple was not valued at a measly $3.99t, but rather an illustrious $4t. The tech giant crossed $4 trillion in market capitalization (before retreating a tad) thanks to better-than-expected iPhone 17 sales in the US and China. Apple becomes the third public company to reach the $4t mark, following Nvidia and Microsoft. Apple’s stock had lagged behind many of its Magnificent Seven peers this year as the company was relatively slow to push into AI, but it’s jumped by 25% over the past three months amid optimism around the new iPhone lineup.
  
  The US military carried out strikes on four alleged drug-carrying boats in the Pacific Ocean off the coast of Colombia, killing 14.
  
  OpenAI completed its restructure into a nonprofit with a $130 billion controlling stake in its for-profit arm.
  
  Nvidia is investing $1 billion in Nokia in a deal that will see Nokia use Nvidia chips to boost its 5G and 6G networks.
  
  Texas Attorney General Ken Paxton sued Tylenol-maker Johnson & Johnson, claiming that the company failed to warn consumers about a link between the drug and autism, which is unproven.
  
  A federal judge extended an order that temporarily blocks President Trump from firing thousands of federal workers during the government shutdown.
  
  The Toronto Blue Jays won Game 4 of the World Series 6–2 after making life difficult for Dodgers star Shohei Ohtani, who was Los Angeles’s starting hitter and starting pitcher for the game. Toronto and LA are now tied at two games apiece.
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• DAILY OIL PRICE: October 28, 2025
  Crude Oil: 60.15   (-1.16)....
  
  
  • Crude Oil: 60.15   (-1.16).
  
  
  • Nymex MTD AVG: 59.9004.
  
  
  • Natural Gas: 3.345   (-0.097).
  
  
  • Gasoline: 1.9252   (+0.0048).
  
  
  • Spreads: December/January (+0.37)     January/February (+0.23).
  
  
  • Plains WTI Posting: 56.63   (-1.16).
  
  

  
  Source: Odessa American
  
  
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• Dow, S&P 500 and Nasdaq score fresh record closes ahead of Fed rate decision
  U.S. stocks finished higher on Tuesday, with the three...

  U.S. stocks finished higher on Tuesday, with the three major indexes notching fresh all-time closing highs as investors await the Federal Reserve's interest-rate decision and earnings from some of the largest technology companies on Wednesday afternoon.

  
  

  The Dow Jones Industrial Average rose 161.78 points, or 0.3%, to end at 47,706.37. The blue-chip index has risen for four consecutive trading days, according to FactSet data.

  
  

  The S&P 500 was up 15.73 points, or 0.2%, to finish at 6,890.89.

  
  

  The Nasdaq Composite surged 190.04 points, or 0.8%, ending at 23,827.49

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• Permian gas boom brings nitrogen headache for LNG plants
  Nitrogen content in Permian Basin natural gas, especially from the Midland...
  Nitrogen content in Permian Basin natural gas, especially from the Midland Basin, has increased to as high as 7%, well above the 1% to 1.5% threshold for liquefied natural gas production. The trend lowers heating value and raises safety, commercial and reputational risks for LNG exporters. Measures such as adjusting plant operations, procuring low-nitrogen gas and installing nitrogen rejection equipment can help operators manage the challenge, though each strategy involves balancing capital intensity, operational flexibility and midstream fees.
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