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• Dow, S&P 500 notch highest close in more than 3 months
  Stocks ended mostly higher Tuesday, with the Dow Jones Industrial Average lifted after upbeat earnings...
  Stocks ended mostly higher Tuesday, with the Dow Jones Industrial Average lifted after upbeat earnings from retailing heavyweights Walmart Inc. and Home Depot Inc. The Dow DJIA, +0.71% rose around 239 points or 0.7%, to finish near 34,152, according to preliminary figures, while the S&P 500 SPX, +0.19% gained around 8 points, or 0.2%, to close near 4,305. The Nasdaq Composite COMP, -0.19% lagged behind, falling around 26 points, or 0.2%, to 13,103.
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• Oil extends decline on global economic worries
  Oil futures fell Tuesday morning, extending a slide for crude tied to worries over the global economic...
  Oil futures fell Tuesday morning, extending a slide for crude tied to worries over the global economic outlook after weak economic data out of China on Monday.
  

  
  
  • West Texas Intermediate crude for September delivery CL1 fell 55 cents, or 0.6%, to $88.86 a barrel on the New York Mercantile Exchange.
  
  
  • October Brent crude BRN00, 0.18% BRNV22, 0.17%, the global benchmark, was down 64 cents, or 0.7%, at $94.46 a barrel on ICE Futures Europe.
  
  
  • Back on Nymex, September gasoline RBU22, 0.01% fell 0.5% to $2.938 a gallon, while September heating oil HOU22, 1.12% was up 1% at $3.473 a gallon.
  
  
  • September natural-gas futures NGU22, 5.55% rose 3.4% to $9.024 per million British thermal units.
  
  
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• Kimmeridge Builds Stake in California Resources to Push for Changes
  Kimmeridge Energy Management Co. LLC has amassed a stake in California Resources...
  Kimmeridge Energy Management Co. LLC has amassed a stake in California Resources Corp. and is pushing the oil and gas producer to make changes that include selling some acreage to real estate developers, people familiar with the matter said.
  
  The energy-focused activist investment firm owns more than 3 million shares in California Resources, equivalent to about a 4% stake and has been in talks with the company's management in recent weeks about how to boost its valuation, the sources said.
  
  The ideas pushed by Kimmeridge include divesting California Resources' Huntington Beach acreage in Orange County, which it believes could fetch around $800 million if sold for conversion to residential real estate, according to the sources.
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• What Else is Brewing ☕️This Tuesday Morning
  Rudy Giuliani, the former NYC mayor and personal lawyer of former President Trump, has been told he’s the target of a criminal investigation into election interference in Georgia.
  
  Walmart inked a deal with Paramount Global to offer streaming service Paramount+ to its Walmart+ members for free.
  
  Starbucks asked the National Labor Relations Board to temporarily halt union elections at US stores, alleging that NLRB officials and union organizers were in cahoots during one union election in the spring.
  
  HBO Max laid off 14% of its staff—around 70 employees—as part of the broader reorganization under parent company Warner Bros. Discovery.
  
  Capri Sun is recalling thousands of pouches over possible contamination with cleaning solution.
  
  
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• Venezuelan Oil Continues Slow Recovery Trajectory
  Venezuela, OPEC’s lone member country...
  
  

  
  
  Venezuela, OPEC’s lone member country in Latin America and the Caribbean, is on track to achieve average production of nearly 678,000 bbl/d in 2022, according to OPEC data.
  
  It’s a 3% increase from July supply, but still less than the 695,000 bbl/d average for the first six months of the year.
  
  If production remains steady for the remaining five months of 2022, it will mark the second consecutive year of production growth after reaching a low of 512,000 bb/d in 2020, when Washington sanctions began and the Covid-19 pandemic temporarily drove down demand for oil and other goods.
  
  

  
  
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