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• Fed Meeting This Tuesday
  Fed meeting, jobs report on tap: It’ll be a ...
  Fed meeting, jobs report on tap: It’ll be a big week for hot takes on the US economy, with the Federal Reserve meeting Tuesday and Wednesday and the April jobs report dropping Friday. Because inflation has been sticking around, the Fed is expected to hold interest rates steady at this meeting and for the foreseeable future, a 180 from what seemed likely at the beginning of the year. On the jobs front, economists are projecting another strong month for employment growth.
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• ☕️What Else is Brewing Monday Morning
  The Kentucky Derby is on Saturday: And it’s not just...
  The Kentucky Derby is on Saturday: And it’s not just any Derby—it’s the 150th running of the longest-running continuously held annual sporting event in the US. Fierceness is the 5–2 favorite in the first leg of horse racing’s Triple Crown. Did you know? Churchill Downs is a publicly traded company, and last Thursday, its stock had its best day in nearly six months after posting record revenue and profits.
  
  President Biden roasted his rival Donald Trump at the White House correspondents’ dinner as pro-Palestinian protesters demonstrated outside the venue.
  
  Israeli officials believe the International Criminal Court is preparing arrest warrants for senior Israeli government officials and Hamas leaders related to the war, the NYT reported.
  
  South Dakota Governor Kristi Noem, a potential Trump running mate, drew outcry after a report revealed that she describes killing her 14-month-old dog in her upcoming memoir. Noem defended her actions, saying, “Tough decisions like this happen all the time on a farm.”
  
  Paramount Global could fire CEO Bob Bakish as soon as this morning, per CNBC.
  
  A record 775,000 football fans attended the NFL Draft in Detroit from Thursday through Sunday, according to Michigan Gov. Gretchen Whitmer. Not a single one knew what the Falcons were doing.
  
  American Airlines keeps mistaking a 101-year-old woman for a baby.
  
  
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• Baker Hughes: US drillers cut most oil rigs in a week since November
  U.S. energy firms this week cut five oil rigs, the biggest weekly drop...
  U.S. energy firms this week cut five oil rigs, the biggest weekly drop since November, energy services firm Baker Hughes said in its closely followed report on Friday.
  
  Meanwhile, the total oil and gas rig count, an early indicator of future output, fell by six to 613 in the week to April 26, the lowest since February 2022. Baker Hughes said that puts the total rig count down 142 rigs, or 18.8%, below this time last year.
  
  The number of oil rigs fell by five to 506 this week, while gas rigs fell by one to 105, their lowest since December 2021.
  
  The total rig count was down by eight in April, falling for the second month in a row. The oil rig count was unchanged and gas rigs fell by seven in April.
  
  
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• Closing Oil & Gas Prices for Friday
  Benchmark U.S. crude oil for June delivery ...
  Benchmark U.S. crude oil for June delivery rose 28 cents to $83.85 per barrel Friday. Brent crude for June delivery rose 49 cents to $89.50 per barrel.
  
  Wholesale gasoline for May delivery was unchanged at $2.76 a gallon. May heating oil was unchanged at $2.55 a gallon. May natural gas fell 3 cents to $1.61 per 1,000 cubic feet.
  
  
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• Natural Gas Storage Shows Net Increase 92 Bcf
  The EIA has...
  The EIA has released its natural gas inventory report, showing a net increase of 92 Bcf as of April 19, 2024.
  
  According to EIA estimates, working gas in storage was 2,425 Bcf as of Friday, April 19, 2024. This represents a net increase of 92 Bcf from the previous week. Stocks were 439 Bcf higher than last year and 655 Bcf above the five-year average of 1,770 Bcf.
  
  At 2,425 Bcf, the total working gas is within the five-year historical range.
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