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• Closing Oil & Gas Prices for Thursday
  Benchmark U.S. crude oil for September delivery...
  Benchmark U.S. crude oil for September delivery fell $1.58 to $82.82 a barrel Thursday. Brent crude for October delivery fell $1.15 to $86.40 a barrel.
  
  Wholesale gasoline for September delivery fell by 3 cents to $2.90 a gallon. September heating oil fell 6 cents to $3.15 a gallon. September natural gas fell 20 cents to $2.76 per 1,000 cubic feet.
  
  
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• U.S. stocks eke out gain after erasing most of post-inflation report rally
  U.S. stocks finished marginally higher on Thursday after blowing...
  U.S. stocks finished marginally higher on Thursday after blowing a huge gain that had followed the release of a hotly anticipated inflation report for July. The S&P 500 SPX finished higher by 1.20 points, or less than 0.1%, at 4,468.91, according to preliminary data from FactSet. The Nasdaq Composite COMP rose by 15.97 points, or 0.1%, to 13,737.99. The Dow Jones Industrial Average DJIA advanced 52.39 points, or 0.2%, to 35,175.75 after rising more than 450 points earlier. July inflation data came in roughly as economists had expected, with the CPI index rising 0.2% for the month. However, later in the day, San Francisco Fed President Mary Daly said the central bank still has more work to do to tame inflation, which pushed Treasury yields higher, in turn weighing on stocks. Bond yields move inversely to prices.
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• EIA Reports Build in Crude Oil Inventory
  U.S. crude stocks rose on the back of a sharp drop in oil exports, while gasoline and distillate inventories...
  U.S. crude stocks rose on the back of a sharp drop in oil exports, while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.
  
  Crude inventories rose by 5.9 million barrels in the last week to 445.6 million barrels, compared with analysts' expectations in a Reuters poll for a 0.6 million-barrel rise.
  
  Crude stocks at the Cushing, Oklahoma, delivery hub rose by 159,000 barrels in the week to Aug 4, EIA said.
  
  U.S. crude oil exports fell by 2.9 million barrels per day last week, the steepest fall on record, to 2.36 million barrels per day, according to the data. Net U.S. crude imports rose by 2.94 million barrels per day, EIA said.
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• New oil, gas discoveries down in first half of year
  Oil and natural gas explorers found 2.6 billion barrels of oil equivalent in the first half of the year,...
  Oil and natural gas explorers found 2.6 billion barrels of oil equivalent in the first half of the year, down 42% from the first six months of 2022, according to Rystad Energy research. Companies made 55 discoveries in the first half of 2023, compared to 80 during the same period of 2022, according to Rystad, which points out that Guyana has the most discovered BOE so far this year, followed by Turkey and Nigeria.
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• Maui Death Toll Rises
  Some Maui residents jumped into the ocean to escape wildfires. The people were “transported...
  Some Maui residents jumped into the ocean to escape wildfires. The people were “transported by the Coast Guard to safe areas,” officials said. Meanwhile, 911 service, cell service, and some landlines were down on parts of the island. Richard Bissen, the mayor of Maui County, said Wednesday that at least six people were killed as a result of the wildfires. The death toll has since been reported as high as 36. 
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