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[Baker Hughes said U.S. drillers added oil and gas rigs for the first time in three weeks] U.S. energy companies increased the number of oil and gas rigs this week for the first time in three weeks, energy services company Baker Hughes said on Thursday. In an early indicator of future production, the number of oil and gas rigs increased by five in the week to April 2 to 548. Baker Hughes said that despite the increase in the number of rigs this week, the total number of rigs was still 42 less than the same period last year, a decrease of 7.1%. Baker Hughes said oil rigs increased by two this week, reaching 411; natural gas rigs increased by three, reaching 130. The oil and gas rig count will fall by about 7% in 2025, 5% in 2024 and 20% in 2023, as falling U.S. oil prices prompt energy companies to focus more on improving shareholder returns and paying down debt rather than increasing production.

[Amazon imposes 3.5% fuel surcharge on many online merchants] Amazon (AMZN.O) will begin charging a 3.5% "fuel and logistics" surcharge to sellers using its delivery services later this month, joining a number of logistics companies that have raised delivery fees as oil prices rise due to the Iran war. For Fulfillment by Amazon customers, these fees will go into effect on April 17 in the United States and Canada. Starting May 2, Amazon will charge a surcharge for items shipped by merchants who sell items on its own website or at other retailers. An Amazon spokesperson said in a statement on Thursday: "Rising fuel and logistics costs have led to increased operating costs across the industry. We have absorbed these cost increases to date, but like other major logistics companies, when costs remain high, we will implement temporary surcharges to partially cover these costs." More than 60% of the products on Amazon's platform are sold by independent merchants, who pay Amazon sales commissions as well as warehouse storage and delivery fees. The additional fee shows that Amazon is able to use its marketplace model to pass rising costs onto merchants rather than consumers.

The Fed accepted a total of $327 million from three counterparties in fixed-rate reverse repurchase operations.

Market News: Amazon (AMZN.O) imposes a 3.5% fuel surcharge on many online merchants.

Oil services Baker Hughes: U.S. drilling companies increased the number of oil and natural gas rigs for the first time in three weeks.

According to CNN: US President Trump fired Pam Bondi from her position as US Attorney General.