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• API reports larger-than-expect draw in US crude oil stocks
  U.S. crude oil futures rose from post-settlement levels...

  U.S. crude oil futures rose from post-settlement levels Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude oil inventories.

  
  Crude Oil WTI Futures, the U.S. benchmark, recently traded at $64.55 a barrel following the report after settling up $1.22 at $64.42 a barrel.
  
  U.S. crude inventories fell by 3.4M barrels for the week ended Sept. 5, compared with a build of 1.3M barrels reported by the API for the previous week. That beat expectations for a draw of 1.6M barrels. 
  
  The official government inventory report is due Wednesday at 10:30 a.m. EDT (1430 GMT).
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• Around The Markets
  At a glance, today’s data seems to prove that the US economy is in...
  At a glance, today’s data seems to prove that the US economy is in good shape: Retail sales rose 0.6% in August, handily beating projections of 0.3% and marking its third monthly increase in a row.
  
  On top of that, spending slowed down in only four of the 13 retail categories month over month, but all four categories saw annual gains. Oh, and July’s numbers were revised higher.
  
  “We might be in a K-shaped recovery, but consumer spending is booming and regardless of the negative jobs revisions, the US economy is continuing to expand,” explained Chief Investment Officer for Northlight Asset Management Chris Zaccarelli.
  

  
  
  • Sam Altman’s OpenAI has hired the former CFO of Elon Musk’s xAI, adding further fuel to their feud.
  
  
  • Delta will be forced to unwind its joint venture with Aeromexico by order of the White House.
  
  
  • The details of a TikTok deal have been leaked, and Oracle looks like the big winner.
  
  
  • Robinhood has unveiled a new VC fund that allows retail traders to dive into startup investments.
  
  
  • YouTube has paid out more than $100 billion to creators over the last 4 years.
  
  
  • The Trump family reaped the rewards of a $2 billion investment into World Liberty Financial from the UAE in exchange for access to critical semiconductor chips
  
  
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• DAILY OIL PRICE: September 16, 2025
  Commodities: Oil popped on reports that Russia may...
  Commodities: Oil popped on reports that Russia may cut back on crude production due to Ukrainian drone strikes on refineries. Gold soared past $3,700 for the first time ever today as traders bulked up on bullion before the Fed kicks off what is expected to be a series of cuts.
  

  
  
  • Crude Oil: 64.52   (+1.22).
  
  
  • Nymex MTD AVG: 63.0925.
  
  
  • Natural Gas: 3.103   (+0.060).
  
  
  • Gasoline: 2.0416   (+0.0282).
  
  
  • Spreads: October/November (+0.36)     November/December (+0.34).
  
  
  • Plains WTI Posting: 61.00   (+1.22).
  
  

  
  Source: Odessa American
  
  
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• Dow, S&P 500 and Nasdaq all close lower as investors await Fed’s rate decision
  U.S. stocks finished mostly lower on Tuesday afternoon,...

  U.S. stocks finished mostly lower on Tuesday afternoon, as investors looked ahead to the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday for decisions on interest rates and guidance on the future direction of monetary policy.

  
  

  The Dow Jones Industrial Average fell 125.55 points, or 0.3%, to end at 45,757.90, according to FactSet data.

  
  

  The S&P 500 was off 8.52 points, or 0.1%, to finish at 6,606.76.

  
  

  The Nasdaq Composite was down less than 0.1%, leaving it nearly flat, at 22,333.96.

  
  

  Fed-funds futures traders were pricing in a 96% likelihood of at least a quarter-point rate cut on Wednesday, according to the CME FedWatch Tool. But investors are laser-focused not just on the policy decision itself, but also on Fed Chair Jerome Powell’s press conference and the updated Summary of Economic Projections — also known as the “dot plot” — which will show where policymakers expect the federal-funds rate to be by the end of this year and in 2026.

  
  

  The Fed is expected to release its monetary-policy statement and economic projections at 2:00 p.m. Eastern time on Wednesday, followed by a press conference with Powell at 2:30 p.m.

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• Chord Buys Exxon Mobil's Williston Assets for $550MM
  Chord Energy is acquiring Williston Basin assets from Exxon...
  Chord Energy is acquiring Williston Basin assets from Exxon Mobil subsidiary XTO Energy for $550 million. Houston-based Chord, formed through the 2022 merger of Whiting Petroleum and Oasis Petroleum, has focused on developing the Bakken play.
  
  Chord will finance the acquisition with cash on hand and borrowings, the company said Sept. 15.
  
  The deal includes 48,000 net acres (86% operated working interest) in the Williston Basin core and 72 net operated 2-mile locations.
  
  “The acquired assets are in one of the best areas of the Williston Basin and have significant overlap with Chord's existing footprint, setting the stage for long-lateral development,” said Chord President and CEO Danny Brown.
  
  The deal is expected to close by the end of the year.
  
  Chord held approximately 1.3 million net acres in the Williston Basin as of the second quarter. Production averaged 275,000 boe/d (56% oil). Chord expects near-term production to average around 9,000 boe/d (78% oil).
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