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• ConocoPhillips exec outlines operational strategy
  ConocoPhillips' diversified...
  ConocoPhillips' diversified Lower 48 portfolio ensures steady production and cash flow increases, while the Permian Basin will remain the primary driver of production growth, said Conoco Vice President of Midland Basin Nick McKenna during the SUPER DUG Conference & Expo in Fort Worth, Texas. McKenna cited increased use of recycled water in Permian operations and an 80% reduction in associated gas flaring among major achievements ConocoPhillips has made in recent years.
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• The Dow crossed 40k for the first time ever
  One-hundred-and-twenty-eight-years-old and still doing new tricks:...
  One-hundred-and-twenty-eight-years-old and still doing new tricks: America’s oldest popular stock index, the Dow Jones Industrial Average, hit a record high yesterday morning when it traded above 40,000, reflecting renewed hope for the market’s health after Wednesday’s promising inflation report.
  
  What a rally: Despite fears of a recession that still hasn’t happened, the Dow has risen 40% from its post-pandemic low in September 2022 and is up ~6% this year.
  
  Out of the 30 blue chip stocks included in the Dow, Goldman Sachs added the most points (a weighted measure of stock value) to the index since it crossed 30k in November 2020, while 3M subtracted the most points.
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• ☕️What Else is Brewing
  The US military’s Gaza pier is complete and ready to receive...
  The US military’s Gaza pier is complete and ready to receive aid. The floating pier off the coast of the Gaza Strip has been fully installed, US officials said, about two months after President Biden ordered it to be built to boost efforts to get humanitarian aid into Gaza amid the Israel-Hamas war. The Associated Press reported that the port, which cost $320 million to build, will funnel as much as 500 tons of aid into Gaza within days. The US said it is coordinating with Israel on protecting the port after it came under mortar fire during its construction.
  
  Florida Gov. Ron DeSantis signed a bill that removed “climate change” from state laws, banned offshore wind power, and relaxed rules on gas pipelines.
  
  Samsung released an ad mocking Apple’s universally lampooned iPad commercial.
  
  Microsoft asked hundreds of employees in China working on machine learning and cloud computing to relocate amid increased US-China trade tensions.
  
  Patrick Mahomes launched a ready-to-drink iced coffee brand, the Kansas City Chiefs quarterback’s first business as the lead investor.
  
  Sony warned tech companies to stop training AI on its artists’ music without explicit permission.
  
  The Mirage casino in Las Vegas will close in July after 34 years on the Strip, before undergoing renovations to become the Hard Rock Las Vegas in 2027.
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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 60 cents to $79.23 per barrel Thursday. Brent crude for July delivery rose 52 cents to $83.27 per barrel.
  
  Wholesale gasoline for June delivery rose 4 cents to $2.54 a gallon. June heating oil rose 2 cents to $2.44 a gallon. June natural gas rose 8 cents to $2.50 per 1,000 cubic feet.
  
  
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• Dow ends lower, closes below 40,000 threshold
  Stocks closed lower on Thursday, with the Dow ending below the 40,000...
  Stocks closed lower on Thursday, with the Dow ending below the 40,000 threshold, which it crossed earlier in the session for the first time in history.
  
  The Dow Jones Industrial Average shed about 38 points, or 0.1%, ending near 39,869, according to preliminary data.
  
  The S&P 500 Index fell 11 points, or 0.2%, closing near 5,297.
  
  The Nasdaq Composite Index lost 44 points, or 0.3%, finishing around 16,698.
  
  All three scored record closes on Wednesday.
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