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• Tropical Storm Jose forms in Atlantic, 2 other disturbances being monitored
  The Atlantic basin is ending August on a busy note. Tropical...
  The Atlantic basin is ending August on a busy note. Tropical Storm Jose formed Thursday and the National Hurricane Center is monitoring two other disturbances.
  
  Tropical Storm Jose formed overnight. It is located about 785 miles east-southeast of Bermuda. The storm has 40 mph winds and is moving north at 5 mph.
  
  Forecasters said the system is expected to be absorbed by Hurricane Franklin.
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• US consumers offset weaker industrial demand for oil
  Oil demand has confounded expectations of a slowdown and remained strong, particularly...
  Oil demand has confounded expectations of a slowdown and remained strong, particularly in the consumer sectors of gasoline and jet fuel, which have seen a year-over-year increase of 98 kb/day. Although industrial demand has slipped, with distillate consumption down by 169 kb/day compared to last year, experts anticipate that robust consumer activity will counterbalance the slack on the industrial side and prop up demand in the coming months
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• EERC looks into Bakken Shale well-to-well interactions
  New research from North Dakota's Energy and Environmental Research Center shows that ...
  New research from North Dakota's Energy and Environmental Research Center shows that suboptimal fracturing jobs in the past are the key reason why well-to-well interactions often enhance oil production in the state's Bakken Shale, unlike in other regions. "The reason why Bakken operators have historically not seen much production loss from the parent-child effect is because their initial completion designs were small, suboptimal, and understimulated," says Kyoung Suk Min, a reservoir engineer and data scientist at EERC.
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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose $2 to $83.63 a barrel Thursday. Brent crude for October delivery rose $1 to $86.86 a barrel.
  
  Wholesale gasoline for September delivery fell 4 cents to $2.77 a gallon. September heating oil rose 4 cents to $3.14 a gallon. October natural gas fell 3 cents to $2.77 per 1,000 cubic feet.
  
  
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• Dow ends 170 points lower Thursday, stocks book losses for August
  The Nasdaq closed higher for a fifth straight session on Thursday,...
  The Nasdaq closed higher for a fifth straight session on Thursday, but the major U.S. equity indexes still ended August with losses. The Dow Jones Industrial Average DJIA shed about 169 points on Thursday, or 0.5%, ending near 34,721. The S&P 500 Index SPX fell 0.2% and the Nasdaq Composite Index COMP rose 0.1%.
  
  Stocks enjoyed a bounce in the final week of August but still closed out the month in the red, with the Dow off 2.4%, the S&P 500 1.8% lower and the Nasdaq down 2.2%. The monthly jobs report due Friday is expected to show a slowdown in hiring, but the unemployment rate is anticipated to remain low at 3.5%, near the lows of the late 1960s, worrying investors about the potential need for more rate hikes from the Federal Reserve to keep inflation on the decline. Despite volatility in long-term rates in August, the Nasdaq was up 34.1% this year, its best first eight months to a year since 2003.
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