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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for May delivery ...
  Benchmark U.S. crude oil for May delivery rose 98 cents to $86.21 per barrel Wednesday. Brent crude for June delivery rose $1.06 to $90.48 per barrel.
  
  Wholesale gasoline for May delivery rose 2 cents to $2.78 a gallon. May heating oil rose 3 cents to $2.71 a gallon. May natural gas rose 2 cents to $1.89 per 1,000 cubic feet.
  
  
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• Dow sees third straight day of losses as CPI inflation report sends stocks down
  All three major stock indexes finished lower on Wednesday after an unexpectedly...
  All three major stock indexes finished lower on Wednesday after an unexpectedly hot consumer-price index for last month cast doubt on the Federal Reserve's ability to cut interest rates three times this year.
  
  The Dow Jones Industrial Average closed down by 1.1%, or 422.16 points, at 38,461.51, based on preliminary data. Wednesday's closing level is the lowest since Feb. 14.
  
  The S&P 500 finished down by 1%, or 49.27 points, at 5,160.64.
  
  The Nasdaq Composite ended down by 0.8%, or 136.28 points, at 16,170.36.
  
  It was the worst one-day decline for all three indexes since last Thursday.
  
  The Russell 2000 Index of small-cap stocks fell 2.5%, or 52.41 points, to 2,028.39.
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• Pantheon boosts Kodiak Field liquids, gas estimates
  Pantheon Resources has increased the estimate of recoverable marketable...
  Pantheon Resources has increased the estimate of recoverable marketable liquids at its Kodiak Field asset in Alaska's North Slope by 25% to 1.2 billion barrels and raised the natural gas resource estimate to 5.4 trillion cubic feet, based on an independent report by Netherland Sewell & Associates. "The underpinning of our strategy with the validation provided by NSAI is an important step on the path to our 2028 goal of demonstrating values in the range $5-$10 per barrel of recoverable resource," said Pantheon Chairman David Hobbs.
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• Methane mitigation an imperative in oil, gas industry
  Oil and natural gas companies need to take methane mitigation seriously...
  Oil and natural gas companies need to take methane mitigation seriously despite cost barriers, as attempts to dodge responsibility could prove futile in light of heightened regulatory scrutiny and advances in detection technology, Pickering Energy Partners consulting partner Dan Romito said in an interview. "There is a concerted effort to get this done now, so if companies aren't in a position where they're addressing it now, they better have a game plan or at least some sort of messaging in place to explain why," Romito said.
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• Tight supplies lift US Gulf Coast heavy crude prices
  Heavy crude oil prices along the US Gulf Coast are approaching parity...
  Heavy crude oil prices along the US Gulf Coast are approaching parity with lighter oil grades after rising in recent weeks, driven by factors including declining exports from Mexico and the growing prospect of sanctions on Venezuelan crude. This trend foreshadows an increase in gasoline prices as the US gears up for the summer driving season.
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