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• Trans Mountain launch to shake up N. America oil market
  The anticipated early 2024 startup of Canada's 590,000-barrel-per-day Trans Mountain oil pipeline expansion...
  The anticipated early 2024 startup of Canada's 590,000-barrel-per-day Trans Mountain oil pipeline expansion is poised to increase competition for Canadian crude oil barrels, possibly diverting around 470,000 bpd of heavy Canadian sour from existing pipelines such as Enbridge's Mainline and Express pipelines and TC Energy's Keystone pipeline. Consequently, US refiners dependent on Western Canadian Select will be forced to pay a premium for continued access to Canadian crude.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for December delivery...
  Benchmark U.S. crude oil for December delivery rose $1.09 to $78.26 per barrel Monday. Brent crude for January delivery rose $1.09 to $82.52 per barrel.
  
  Wholesale gasoline for December delivery rose 5 cents to $2.24 a gallon. December heating oil rose 10 cents to $2.84 a gallon. December natural gas rose 17 cents to $3.20 per 1,000 cubic feet.
  
  
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• Dow finishes higher but sees first ‘death cross’ since March 2022
  U.S. stocks finished mixed on Monday as the Dow managed to eke...
  U.S. stocks finished mixed on Monday as the Dow managed to eke out a narrow gain ahead of a key inflation report due out early Tuesday. However, the blue-chip gauge wasn’t able to avoid seeing its 50-day moving average close below its 200-day moving average, sending its first “death cross” signal since March 2022, according to Dow Jones Market Data. The Dow Jones Industrial Average DJIA gained 54.77 points, or 0.2%, to 34,337.87, according to preliminary closing data from FactSet. The S&P 500 SPX fell by 3.69 points, or 0.1%, to 4,411.55. The Nasdaq Composite COMP shed 30.36 points, or 0.2%, to 13,767.74. A death cross is a popular momentum indicator used by technical stock-market analysts.
  
  
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• Oilfield servicers brace for demand dip in US shale patch
  Demand for oilfield services in the US shale patch is expected to weaken in the fourth quarter as oil...
  Demand for oilfield services in the US shale patch is expected to weaken in the fourth quarter as oil and natural gas producers, reluctant to exceed 2023 budgets, curtail spending. Pressure pumper ProPetro expects a plateau or sluggish growth in US upstream activity in 2024, contrasting with a more positive outlook for international activity.
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• Sports, Entertainment, & Culture
  India, New Zealand, South Africa, and Australia reach...
  India, New Zealand, South Africa, and Australia reach 2023 Cricket World Cup with the semifinals beginning Wednesday (More)
  
  "The Marvels" brings in $110M at global box office in its opening weekend, the lowest opening for a Disney film in the Marvel Cinematic Universe franchise (More)
  
  Gotham FC tops the OL Reign 2-1 to win 2023 National Women's Soccer League championship in Megan Rapinoe and Ali Kreiger's final career games (More) | Texas A&M fires football coach Jimbo Fisher, will pay Fisher a record $76M buyout (More)
  
  Historybook: Walt Disney’s groundbreaking animated film "Fantasia" premieres (1940); Whoopi Goldberg born (1955); Montgomery bus boycott pushes US Supreme Court to rule Alabama bus segregation illegal (1956); First up-close photo of Saturn sent back from spacecraft Voyager I (1980).
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