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• Oil prices buoyed on prospect of OPEC production cut
  Oil futures moved higher early Monday, building on the previous week’s gains as investors...
  Oil futures moved higher early Monday, building on the previous week’s gains as investors weighed the prospect of a cut in production by the Organization of the Petroleum Exporting Countries.
  

  
  
  • West Texas Intermediate crude for October delivery CL00,  rose 69 cents, or 0.7%, to $93.75 a barrel on the New York Mercantile Exchange, building on a gain of 2.9% last week.
  
  
  • October Brent crude BRNV22, the global benchmark, was up 40 cents, or 0.4%, at $101.39 a barrel on ICE Futures Europe. The most actively traded November contract BRNX22, rose 55 cents, or 0.6%, to $93.61 a barrel.
  
  
  • September gasoline RBU22, was down 1.6% at $2.805 a gallon, while September heating oil HOU22, hed 1.6% to $3.945 a gallon.
  
  
  • September natural-gas futures NGU22, advanced 1.6% to $9.445 per million British thermal units.
  
  
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• Elon Musk Says World Still Needs Oil and Gas
  The world must continue to extract oil and gas in order to sustain civilization, while also developing...
  The world must continue to extract oil and gas in order to sustain civilization, while also developing sustainable sources of energy, Tesla founder Elon Musk told reporters at a conference in Norway on Aug. 29.
  
  “Realistically I think we need to use oil and gas in the short term, because otherwise, civilization will crumble,” Musk said on the sidelines of an energy conference in the southern city of Stavanger.
  
  Asked if Norway should continue to drill for oil and gas, Musk said: “I think some additional exploration is warranted at this time.”
  
  “One of the biggest challenges the world has ever faced is the transition to sustainable energy and to a sustainable economy,” he said. “That will take some decades to complete.”
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• ☕️What Else is Brewing This Monday Morning
  The Buffalo Bills released punter Matt Araiza after he was accused in a lawsuit of gang-raping a minor with two of his former teammates at San Diego State. Araiza denies the allegations.
  
  US intelligence officials said they’ll review the records taken from Mar-a-Lago for potential national security risks.
  
  Two US warships transited the Taiwan Strait for the first time since House Speaker Nancy Pelosi’s visit to the island.
  
  Chipotle workers in Michigan became the first location to unionize at the company.
  
  
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• ⚾️Baseball card sells for $12.6 million (and it's Oklahoma's Mickey Mantle)
  A 1952 Mickey Mantle baseball card in mint condition ...
  A 1952 Mickey Mantle baseball card in mint condition sold for $12.6 million at auction—topping a $9.3 million Diego Maradona jersey as the most expensive piece of sports memorabilia ever sold. The sports collectibles space has exploded in popularity during the pandemic. In 2018, the size of the market was estimated to be around $5.4 million. By 2021, it grew to $26 billion.
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• Russia surviving on a diet of China and India
  Moscow's ability to pivot toward Asian customers for exports has helped ...
  Moscow's ability to pivot toward Asian customers for exports has helped insulate it from Western sanctions that were expected to crush the economy.
  
  Goldman Sachs had said five months earlier that Russia would struggle to find new trading partners amid war — but China and India, among others, have emerged as big buyers of Russian energy commodities.
  
  India alone has seen a 900% increase in those supplies since February. 
  
  All the while, the EU still hauls in 2.8 million barrels a day despite its own sanctions on Moscow, Bloomberg data shows.
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