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• From Twitter: 48 years ago today No. 1 OU beat No. 15 Pitt, 46-10
  48 years ago today: One of the most famous...
  
  

  48 years ago today: One of the most famous hits in OU history happened when Scott Hill went airborne on Hall of Famer Tony Dorsett.
  
  No. 1 OU beat No. 15 Pitt, 46-10, and held Dorsett to just 17 yards. Joe Washington rushed for 166 yards on 23 carries.@BetUS_Official pic.twitter.com/P8vITTiTvj

  
  — The REF (@KREFsports) September 20, 2023

  
  
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• Closing Oil and Gas Prices for Wednesday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery fell 92 cents to $90.28 a barrel Wednesday. Brent crude for November delivery fell 81 cents to $93.53 a barrel.
  
  Wholesale gasoline for October delivery fell 4 cents to $2.62 a gallon. October heating oil fell 4 cents to $3.33 a gallon. October natural gas fell 12 cents to $2.73 per 1,000 cubic feet.
  
  
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• Nasdaq falls 200 points as Fed signals rates will stay higher for longer
  U.S. stocks finished lower on Wednesday and logged their lowest...
  U.S. stocks finished lower on Wednesday and logged their lowest closing levels of September after the Federal Reserve signaled it would likely keep interest rates higher for longer.
  
  The S&P 500 SPX fell 41.70 points, or 0.9%, to 4,402.25, while the Nasdaq Composite COMP shed 209.06 points, or 1.5%, to 13,469.13. The Dow Jones Industrial Average DJIA shed 76.98 points, or 0.2%, to 34,440.75. The central bank left its policy rate on hold Wednesday but signaled another hike could come later this year. The Fed’s dot-plot of rate-path projections suggested its policy rate target would remain above 5% through the end of 2024.
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• US crude oil exports hurt by rising WTI price
  The arbitrage window for US crude exports to Europe and...
  The arbitrage window for US crude exports to Europe and Asia has closed due to the recent surge in West Texas Intermediate prices, causing shifts in global oil trade patterns and increased demand and prices for alternative oil sources such as Middle East crude. WTI crude futures settled at $91.20 per barrel on Tuesday, reflecting a $3.49 discount to Brent, the narrowest since August. Full Story: Reuters
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• Energy Sector Commentary for Wednesday
  The energy sector is off to a...

  The energy sector is off to a mixed-to-lower start, pressured by weakness in the underlying commodities. Meanwhile, the major equity indices are edging higher as the market awaits the Fed’s policy decision later today.

  
  

  The rally in crude futures has taken a pause as WTI and Brent crude oil contracts are extending yesterday’s losses ahead of the Federal Reserve’s policy decision and inventory data due later today. Traders will be closely watching the release of today’s EIA inventory report as last night’s API figures showed a 5.25-million-barrel draw, compared to analyst estimates of a 2.2 million barrel decline. Goldman Sachs anticipates growing oil demand and extended supply cuts may push the market into a deficit and pave a way for Brent crude futures to reach $105 per barrel. The investment bank also expects the Bank of England to keep interest rates unchanged on Thursday after data showed a surprise drop in inflation in August.

  
  

  Natural gas futures have erased earlier gains and are lower on below-normal temperatures and as traders expect a mild winter may push contracts below $2.00/MMBtu.

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