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• NOG Joins Vital Energy in $540 Million Delaware Deal
  Northern Oil and Gas Inc. is partnering with Vital Energy Inc. on an acquisition in the Permian...
  Northern Oil and Gas Inc. is partnering with Vital Energy Inc. on an acquisition in the Permian Basin.
  
  Minnesota-based Northern Oil and Gas, or NOG, and Oklahoma-based Vital Energy have jointly agreed to acquire Forge Energy II Delaware LLC’s assets in the Delaware Basin.
  
  Under the terms of the agreement, Vital will purchase 70% of Forge’s assets for $378 million. NOG will acquire a 30% undivided stake in the Forge assets for a purchase price of $162 million in cash, the company said after markets closed on May 15.
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• Stock Market Outlook for Tuesday
  US stock futures fall early Tuesday, as investors brace for a meeting between congressional...
  US stock futures fall early Tuesday, as investors brace for a meeting between congressional leaders and President Joe Biden over the debt ceiling. Check out the latest market moves.
  
  Earnings on deck: Home Depot, Ubisoft Entertainment, and more, all reporting.
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• Big firms are filing for bankruptcy left and right — and it's just the beginning
  On Monday, Vice Media — once valued at nearly $6 billion — ...
  On Monday, Vice Media — once valued at nearly $6 billion — filed for bankruptcy. But it wasn’t alone. In the space of just 48 hours, six other large companies threw in the towel, which by one measure marked the most active period for bankruptcies since 2008.
  
  Why are so many companies filing for bankruptcy? The reason is relatively simple: the Federal Reserve's interest-rate hikes, which were designed to rein in inflation, have laid bare the market's weak hands.
  
  A credit crunch is here, and it's spreading quickly, crippling companies with large, cumbersome debt loads — and data suggests the pain could just be getting underway.
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• U.S. retail sales rebound in April
  The numbers: Sales at U.S. retailers rebounded 0.4% in April largely because of strong...
  The numbers: Sales at U.S. retailers rebounded 0.4% in April largely because of strong demand for new autos and higher consumer spending online, offering a respite from a broad slowdown in consumer spending. Sales had been forecast to rise 0.8%, based on a Wall Street Journal poll of economists.
  
  Retail sales are a big part of consumer spending and offer clues about the strength of the economy. Before April’s increase, retail sales had fallen in four of the prior five months.
  
  Retail sales rose a somewhat stronger 0.6% in April if auto dealers and gas stations are excluded. Car and gasoline purchases exaggerate overall retail spending.
  
  Key details: Sales of new vehicles and auto parts, an up-and-down category, rose 0.4% last month.
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• Closing Oil & Gas Prices for Monday
  Crude oil prices turned things around in Monday’s trading, rising a...

  Crude oil prices turned things around in Monday’s trading, rising a dollar a barrel while energy stocks saw some major gains with the exception of ONEOK which plummeted 9% following word of its nearly $19 billion acquisition of Magellan Midstream.

  
  

  West Texas Intermediate crude rose $1.07 or 1.5% to close at $71.11 a barrel on the New York Mercantile Exchange.

  
  

  Global benchmark Brent crude gained $1.06 or 1.4% to finish at $75.23 a barrel on ICE Futures Europe.

  
  

  Natural gas rose 11 cents or 4.81% to close at $2.38 per thousand cubic feet.

  
  

  

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