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• Oil Inventories unexpectedly fall by 3.2M barrels last week: API
  U.S. crude stockpiles unexpectedly fell last week, the...

  U.S. crude stockpiles unexpectedly fell last week, the API reported Tuesday, adding to expectations that demand is on the rise ahead of the summer driving season.  

  
  

  U.S. crude inventories fell by about 3.2 million barrels for the week ended Apr. 19, compared with an increase of 4.09M barrels reported by the API for the previous week. Economists were expecting an increase of 1.8M barrels. 

  
  

  The API data also showed that gasoline stockpiles fell by 595,000 barrels, while distillate inventories rose by 724,000 barrels.

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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery ...
  Benchmark U.S. crude oil for June delivery rose $1.46 to $83.36 per barrel Tuesday. Brent crude for June delivery rose $1.42 to $88.42 per barrel.
  
  Wholesale gasoline for May delivery rose 4 cents to $2.73 a gallon. May heating oil rose by 2 cents to $2.58 a gallon. May natural gas rose 2 cents to $1.81 per 1,000 cubic feet.
  
  
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• S&P 500 posts best day in 2 months, Nasdaq jumps with Big Tech earnings on deck
  U.S. stocks finished higher on Tuesday, with the tech-heavy Nasdaq Composite...
  U.S. stocks finished higher on Tuesday, with the tech-heavy Nasdaq Composite leading the way up, while the large-cap S&P 500 index notched its best day since February as earnings season ramps up.
  
  The Nasdaq Composite advanced 245.33 points, or 1.6%, to finish at 15,696.64. It was the index's largest one-day point and percentage gain since April 11, according to Dow Jones Market Data.
  
  The S&P 500 was up 59.95 points, or 1.2%, to end at 5,070.55. The large-cap benchmark index booked its best daily gain in over two months.
  
  The Dow Jones Industrial Average rose 263.71 points, or 0.7%, ending at 38,503.69. The blue-chip index was up for four consecutive trading days, its longest winning streak since March 21.
  
  With the first-quarter earnings season in full swing, the market's move upward Tuesday came as stocks attempted to bounce back from a poor stretch last week that saw the S&P 500 suffer its worst weekly performance since March 2023.
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• New gas plants omitted from DOE's energy resource planning
  An Energy Department ...
  An Energy Department report recommends that future electricity needs will be best met by a "portfolio approach" to resources, embracing hydropower, nuclear, geothermal, energy storage and grid-enhancing technologies. The report does not include new gas plants in its suggested portfolio, stating that their development "has the potential to result in higher costs and unexpected lower reliability during extreme weather events than alternative options."
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• Another US gas storage boom is in the making
  The US natural gas storage market is experiencing a new phase of growth,...
  The US natural gas storage market is experiencing a new phase of growth, propelled by liquefied natural gas exporters, power generators, pipeline operators and gas/electric utilities, which increasingly demand flexible gas storage solutions and are more willing to make long-term commitments as a result. This surge has lifted Firm Storage Service lease rates past historical highs, while brownfield and greenfield projects are gaining momentum.
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