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• Dow ekes out gain as U.S. stocks stage big reversal
  U.S. stocks fell on Tuesday but finished well above session lows,...
  U.S. stocks fell on Tuesday but finished well above session lows, with the Dow popping into the green just before the end of the trading day. Investors weighed a number of factors, including strong U.S. retail sales data, rising Treasury yields, and a growing optimism surrounding third-quarter corporate earnings. Also, the Russell 2000 RUT which is focused on small-cap stocks, took the lead, outperforming the tech-heavy Nasdaq Composite, a rare occurrence during a year where many corners of the stock market have performed poorly relative to mega-cap technology stocks. The S&P 500 SPX fell less than a point to finish at 4,373.20, according to preliminary closing data from FactSet. The Nasdaq Composite COMP fell 34.24 points, or 0.3%, to 13,533.75. The Dow Jones Industrial Average DJIA gained 13.11 points, or less than 0.1%, to 33,997.65.
  
  
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• Closing Oil & Gas Prices for Tuesday
  Benchmark U.S. crude oil for November delivery...
  Benchmark U.S. crude oil for November delivery was unchanged at $86.66 a barrel Tuesday. Brent crude for December delivery rose 25 cents to $89.90 a barrel.
  
  Wholesale gasoline for November delivery rose 1 cent to $2.28 a gallon. November heating oil rose 3 cents to $3.18 a gallon. November natural gas fell 3 cents to $3.08 per 1,000 cubic feet.
  
  
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• Innovations take center stage at Permian Basin oil show
  More than 750 international exhibitors will unveil the...
  More than 750 international exhibitors will unveil the latest technological advancements in the oil and natural gas industry at the biennial Permian Basin International Oil Show, which takes place today through Thursday in Odessa, Texas. The event is the largest onshore oil and gas trade show in the world, according to PBIOS President Larry Richards.
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• Natural Gas Prices Move Lower
  Natural gas futures extended their slide lower for the fifth-consecutive...
  Natural gas futures extended their slide lower for the fifth-consecutive session [@$3.07 MMBtu, down 3 cents], pressured by yesterday’s report highlighting record output, further weakness in gas prices in Europe and forecasts for mild U.S. weather through late October that should keep heating and cooling demand low. LSEG said average gas output in the Lower 48 U.S. states rose to an average of 103.4 bcfd so far in October, up from 102.6 bcfd in September and a record high of 103.1 bcfd in July.
  
  
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• Energy Sector Commentary
  The energy sector is off to a...

  The energy sector is off to a mixed start, reeling ahead of the bell as traders balance mild-strength in the crude complex against weakness in the major equity futures which steadied this morning as the third-quarter earnings season gained momentum and ahead of a busy economic data calendar.

  
  

  WTI and Brent crude oil futures inched higher in early trading following yesterday's over $1 decline, gaining ahead of a trip by President Biden to the Middle East that is likely to involve balancing support for Israel with containing a regional escalation of its war with Hamas. Venezuela's government and opposition are set to resume long-suspended talks today which President Nicolas Maduro said would benefit the 2024 election, a move that could lead to Washington easing sanctions. There is also some focus on Russian President Putin's visit to key trade partner China although no new energy deals are expected. Attention will now shift to the weekly U.S. inventory cycle beginning today, with API's report due out after the close followed by the official EIA data mid-day tomorrow.

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