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• Market Outlook for Tuesday
  S&P futures vs fair value: flat. Nasdaq futures vs fair value: -14.00. The...
  S&P futures vs fair value: flat. Nasdaq futures vs fair value: -14.00.
  
  The S&P 500 futures are flat and are trading in line with fair value. The Nasdaq 100 futures are down 14 points and are trading 0.1% below fair value. The Dow Jones Industrial Average futures are up 4 points and are trading in line with fair value.
  
  Housing starts totaled 1.283 million in August (Briefing.com consensus 1.435 million) following a revised total of 1.447 million in July (from 1.425 million). Building permits came in at 1.543 million in August (Briefing.com consensus 1.442 million) following a revised 1.443 million in July (from 1.442 million).
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose 71 cents to $91.48 a barrel Monday. Brent crude for November delivery rose 50 cents to $93.43 a barrel.
  
  Wholesale gasoline for October delivery fell 1 cent to $2.70 a gallon. October heating oil fell 9 cents to $3.29 a gallon. October natural gas rose 9 cents to $2.73 per 1,000 cubic feet.
  
  
  
   
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• U.S. stocks eke out gains ahead of closely-watched central bank policy decisions
  U.S. stock indexes eked out slight gains in volatile trade on...
  U.S. stock indexes eked out slight gains in volatile trade on Monday as investors looked ahead to a busy week of central bank action including interest-rate decisions from the Federal Reserve, Bank of England, and Bank of Japan. Traders were pricing in a 99% chance that the Federal Reserve will keep rates unchanged at a range of 5.25%-5.50% on Wednesday, according to the CME FedWatch Tool. Meanwhile, the chance of a 25-basis-point rate hike to a range of 5.50%-5.75% at the subsequent meeting in November is priced at 30%.
  
  The Dow Jones Industrial Average DJIA was up 6 points, leaving it nearly flat at 34,624, while the S&P 500 SPX finished less than 0.1% higher and the Nasdaq Composite COMP ended flat.
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• Gas prices hit 2023 highs as oil chugs higher
  Gas prices hit new 2023 highs Monday as a squeeze on oil supply...
  Gas prices hit new 2023 highs Monday as a squeeze on oil supply sent prices of refined products higher.
  
  The national average for gasoline in the US hit $3.88, according to AAA. In Western states, prices are well above the national average. California’s average sat at $5.69 per gallon.
  
  The price of diesel, which is used to transport goods via trucks, was up $0.23 from one month ago, at $4.57 per gallon
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• Will oil hit $100? It already did in some markets
  LONDON (Reuters) - With oil investors and traders focused on an oil-price rally that has come close to...
  LONDON (Reuters) - With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply.
  
  The outright price of Nigerian crude Qua Iboe surpassed $100 a barrel on Monday, according to LSEG data. Malaysian crude Tapis reached $101.30 last week, said Bjarne Schieldrop, an analyst at Swedish bank SEB, in a report.
  
  "The overall situation is that Saudi Arabia and Russia are in solid control of the oil market," Schieldrop said.
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