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• ☕️What Else is Brewing Tuesday Morning
  Corporation for Public Broadcasting formally dissolves after...
  Corporation for Public Broadcasting formally dissolves after losing federal funding. The 58-year-old nonprofit that disbursed funds to local PBS and NPR stations, and was often thanked alongside “viewers like you,” announced yesterday that its board had voted to shutter the organization. The decision to shut down was not a surprise after Congress passed a budget package backed by President Trump over the summer that cut its funding. The CPB said it was better to close than to remain as an unfunded entity that could be “vulnerable to future political manipulation or misuse.”
  
  A winning bet on Polymarket that Venezuela’s leader would be toppled, which was placed hours before the Trump administration’s surprise raid and paid out more than $400,000, has raised questions about the use of insider information on prediction markets.
  
  A new global minimum tax deal aimed at stopping countries from parking profits in tax havens will exempt US companies from extra taxes.
  
  Jensen Huang said Nvidia’s newer, more powerful chip was on track to ship later this year. He also said Nvidia plans to start testing robotaxis that rely on its tech with a partner as soon as next year.
  
  Defense Secretary Pete Hegseth moved to demote Sen. Mark Kelly’s military rank and lower his retirement pay as punishment for making a video with other Democrats urging soldiers to refuse illegal orders.
  
  Minnesota Gov. Tim Walz, who was Kamala Harris’s VP pick, abandoned his reelection bid yesterday amid a scandal over fraud in the state’s social programs.
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• DAILY OIL PRICE: January 5, 2026
  Crude Oil: 58.32   (+1.00)....
  
  
  • Crude Oil: 58.32   (+1.00).
  
  
  • Nymex MTD AVG: 57.5400.
  
  
  • Natural Gas: 3.523   (-0.095).
  
  
  • Gasoline: 1.7200   (+0.0218).
  
  
  • Spreads: February/March (+0.24)     March/April (+0.17).
  
  
  • Plains WTI Posting: 54.80   (+1.00).
  
  

  
  Source: Odessa American
  
  
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• Dow closes at record high as stocks climb after U.S.’s Venezuela operation
  U.S. stocks finished higher on Monday, with the Dow...

  U.S. stocks finished higher on Monday, with the Dow Jones Industrial Average ending at a fresh record, while the S&P 500 and Nasdaq Composite also logged strong gains to kick off the first full trading week of the new year.

  
  

  The Dow rose nearly 600 points, or 1.2%, to end near 48,977, according to preliminary data from FactSet. It was the first record close of 2026 for the blue-chip index, according to Dow Jones Market Data.

  
  

  The S&P 500 was up 0.6%, to end at around 6,902.

  
  

  The Nasdaq Composite advanced 0.7%, to finish at around 23,395.

  
  

  A handful of energy, financials and consumer stocks — lifted by a sudden U.S. military operation over the weekend that captured Venezuela President Nicolás Maduro — led the gains on Wall Street, while gold and silver prices also surged on safe-haven demand.

  
  

  The S&P 500's energy sector was up 2.7%, while its financials sector rose 2.2% and the consumer-discretionary sector climbed 1.9%, according to FactSet data.

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• Energy stocks climb as investors gauge events in Venezuela
  Shares in the oil sector were flying on Monday, led by...

  Shares in the oil sector were flying on Monday, led by Chevron and ConocoPhillips, as investors scrambled to assess what the capture of Venezuela’s president, Nicolás Maduro, could mean for the industry.

  
  

  While fresh geopolitical headlines appeared to have little impact on U.S. stocks or crude, the big oil names were moving as some investors gauged future access to oil reserves in the country. 

  
  

  Oil services companies are also moving higher. Analysts said those companies could benefit from investment in the country and an increase in Venezuela’s oil output.

  
  

  “Even the attempt to restart Venezuela is service-intensive — broken fields, broken pipes, broken facilities. That’s why the first trade can be bullish for oil services and infrastructure names (the guys who get paid to rebuild the machine), even if you’re bearish long-term oil prices,” said Matthew Tuttle, chief executive of Tuttle Capital Management.

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• Domestic Crude Oil Production to Drop
  The Energy Information Administration’s...

  The Energy Information Administration’s latest Short Term Energy Outlook signals a turning point for U.S. crude: production is projected to average 13.5 million barrels per day in 2026, about 100,000 barrels per day lower than 2025, ending a four-year run of annual gains. The forecast reflects global supply growth near 1.3 million barrels per day, slightly ahead of demand growth around 1.1 million barrels per day, a setup that supports higher inventories and softer prices.

  
  The Permian Basin, which has been the primary engine of U.S. tight oil growth, is expected to contribute little incremental oil in 2026. EIA projects Permian crude output rising only from 6.54 million barrels per day in 2025 to 6.56 million in 2026, with gains in Alaska and offshore offset by declines elsewhere. Recent regional data through October 2025 show Permian oil down year over year while gas is up, reinforcing a continued shift toward gassier production.
  
  In its outlook, the agency forecasts weaker oil pricing, with West Texas Intermediate averaging $51 in 2026, down from about $65 in 2025. Henry Hub natural gas is expected to average roughly $4 per MMBtu next year, easing after winter strength.
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