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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose $1.64 to $90.16 a barrel Thursday. Brent crude for November delivery rose $1.82 to $93.70 a barrel.
  
  Wholesale gasoline for October delivery was unchanged at $2.74 a gallon. October heating oil rose 4 cents to $3.48 a gallon. October natural gas rose 3 cents to $2.71 per 1,000 cubic feet.
  
  
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• Dow posts biggest gain in 5 weeks, stocks end higher
  The Dow finished more than 300 points higher on Thursday to claim its biggest one-day gain in...
  The Dow finished more than 300 points higher on Thursday to claim its biggest one-day gain in more than five weeks as retail sales data showed a resilient consumer despite the Federal Reserve’s rate-hiking. The Dow Jones Industrial Average DJIA rose about 331 points, or 1%, ending near 34,907. That was its biggest daily percentage gain since August 7. The S&P 500 index SPX closed 0.8% higher and the Nasdaq Composite Index COMP gained 0.8%. U.S. retail sales rose for a fifth straight month in August, climbing 0.6%, despite the Federal Reserve’s policy rate sitting at a 22-year high and worries about fizzling sales after Amazon’s Prime Day sales event in July.
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• Oil prices hit 2023 highs as prospects for tighter supply grow
  LONDON (Reuters) — Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time...
  LONDON (Reuters) — Oil rebounded on Thursday, with Brent crude topping $93 a barrel for the first time this year, as expectations of a tighter supply outlook for the rest of 2023 overshadowed concerns over weaker economic growth and rising U.S. inventories.
  
  The tightening oil balance will remain the dominant price driver for the rest of 2023, he added.
  
  Brent crude was up $1.15, or 1.3%, at $93.05 at last check Thursday, after touching $93.11 for its highest level since November 2022. US West Texas Intermediate crude (WTI) gained $1.18, or 1.3%, to $89.71, having also hit a 10-month high.
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• Market Outlook
  🔔 Before the opening bell: US futures rise ...
  🔔 Before the opening bell: US futures rise early Thursday after stocks finished mixed on Wednesday.
  
  S&P futures vs fair value: +13.50. Nasdaq futures vs fair value: +26.00.
  
  The S&P 500 futures are up 12 points and are trading 0.3% above fair value. The Nasdaq 100 futures are up 26 points and are trading 0.2% above fair value. The Dow Jones Industrial Average futures are up 78 points and are trading 0.2% above fair value.
  
  A short time ago, the ECB announced its decision to raise its key three interest rates by 25 basis points.
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• Hurricane Lee lashing Bermuda before striking coastal New England and Atlantic Canada
  Hurricane Lee began to unleash strong winds on Bermuda Thursday morning, ahead of a track that will bring...
  Hurricane Lee began to unleash strong winds on Bermuda Thursday morning, ahead of a track that will bring heavy rain, wind, and coastal flooding from the massive storm to coastal New England and Atlantic Canada Friday and through the weekend.
  
  Tropical storm-force wind gusts slammed Bermuda Thursday morning and heavy rain was due to arrive later in the morning. An island-wide tropical storm warning is in effect for Bermuda as Lee tracks west of the island on Thursday.
  
  Lee’s winds could begin to buffet portions of New England as early as Friday evening as the storm’s center is expected to pass close to the region’s southeast before barreling near or over Maine and Atlantic Canada over the weekend as a “large and dangerous cyclone,” according to the hurricane center.
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