OklahomaMinerals.com

Snippets

• ☕️What Else is Brewing Friday Morning
  The US slapped Iran with new sanctions. The sanctions,...
  The US slapped Iran with new sanctions. The sanctions, in response to Iran’s drone attack on Israel last week, seek to “degrade and disrupt” the Iranian drone program, Treasury Secretary Janet Yellen said yesterday. They also target Iran’s steel production by cutting off companies from banks that use the US dollar. The sanctions appear to be an attempt to punish Iran for its attack without further inflaming tensions in the Middle East. It’s not clear how effective the sanctions will be because Iranian companies do not rely much on Western economies.
  
  Netflix had another smash quarter, adding a much better-than-expected 9.3 million subscribers in Q1 as the streaming leader cracks down on password sharing and keeps churning out content.
  
  Meta released its latest AI model, Llama 3, and is integrating its AI assistant across all of its apps in its quest to compete with ChatGPT. In other Meta news, Mark Zuckerberg passed Elon Musk as the third-richest person in the world.
  
  The FDA approved rapid concussion blood tests that could be used on the sidelines of NFL games.
  
  Trader Joe’s stopped selling fresh basil in 29 states due to a salmonella outbreak.
  
  Dickey Betts, guitarist and co-founder of the Allman Brothers Band, died yesterday at 80.
  
   
  Read More
• Israel has carried out a strike inside Iran
  Israel has carried out a military strike inside Iran, a US official told...
  Israel has carried out a military strike inside Iran, a US official told CNN, as blasts were heard near the city of Isfahan early Friday in a potentially escalatory move Iranian government officials have so far sought to play down.
  
  The US was given advance notification Thursday of an intended Israeli strike in the coming days, but did not endorse the response, a second senior US official said.
  Read More
• DOE officials consider geothermal expansion roadmap
  During a recent webinar, Energy Department officials explored strategies...
  During a recent webinar, Energy Department officials explored strategies for scaling geothermal energy to up to 5 GW of capacity by 2030, a feat that the DOE's recent commercial liftoff report estimates would require $20 billion to $25 billion in investment. Experts believe this goal is achievable with existing supply chains, technology and workforces, pointing to the progress made by DOE-backed demonstration projects as supporting evidence.
  Read More
• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose 4 cents to $82.73 per barrel Thursday. Brent crude for June delivery fell 18 cents to $87.11 per barrel.
  
  Wholesale gasoline for May delivery fell 2 cents to $2.71 a gallon. May heating oil fell 4 cents to $2.53 a gallon. May natural gas rose 5 cents to $1.76 per 1,000 cubic feet.
  
  
  Read More
• Stocks give up early gains again, S&P 500 books longest losing skid in 6 months
  U.S. stocks closed mixed on Thursday in another jittery day of trade,...
  U.S. stocks closed mixed on Thursday in another jittery day of trade, as investors focused on rising bond yields and uncertain oil prices.
  
  The Dow Jones Industrial Average rose 22.07 points, or 0.1%, ending at 37,775.38.
  
  The S&P 500 shed 11.09 points, or 0.2%, closing at 5,011.12.
  
  The Nasdaq Composite fell 81.87 points, or 0.5%, finishing at 15,601.50.
  
  Stocks finished mostly lower, with the S&P 500 closing down after opening higher for the fourth straight day — booking its longest such string of reversals since 2018.
  
  The Nasdaq Composite and the S&P 500 both posted a fifth straight session of declines, shedding 5.1% and 3.6%, respectively, according to Dow Jones Market Data.
  
  It's the S&P 500's biggest five-day drop in about seven months and the largest decline over five sessions for the Nasdaq since December 2022.
  Read More

• Prev
• Next