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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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• Energy remains a sweet spot for investors. Here’s a list of ‘energized’ stocks to think about.
  Consisting of 21 companies, the S&P 500 energy sector is tracked by the Energy Select Sector SPDR...
  Consisting of 21 companies, the S&P 500 energy sector is tracked by the Energy Select Sector SPDR Fund XLE, -1.95%, up 41% so far this year, and 12% in the latest quarter. The S&P, meanwhile, is down 10%, but up more than 12% in the latest quarter.
  
  Evercore has screened for what they call “energized energy” stocks — names from the Russell 3000 index RUA, +0.37% with high short interest that are down more than that index from the highs, with positive 2023 earnings per share revisions since the end of the second quarter.
  
  Names on that list include Coterra Energy CTRA, -1.08%, Haliburton , ConocoPhilips COP, -1.49%, Schlumberger SLB, -3.72% and Marathon Oil MRO, -2.79%. Here’s their full list:
  
  
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• Hurricane center begins tracking a system in the Caribbean
  The National Hurricane Center has been jumping around the last few days tracking short-lived systems...
  The National Hurricane Center has been jumping around the last few days tracking short-lived systems with the potential to form into a tropical depression or storm. Late Monday, the NHC began looking at the Caribbean Sea.
  
  As of the NHC’s 8 p.m. Eastern time tropical update, a tropical wave located in the central Caribbean is forecast to move across Central America and emerge over the southwestern Gulf of Mexico where it could develop into the season’s next named system.  The NHC gives the system a 20% chance of formation in the next five days.
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• Closing Oil & Gas Prices for Monday
  Benchmark U.S. crude oil for September delivery...
  
  
  Benchmark U.S. crude oil for September delivery fell $2.68 to $89.41 a barrel Monday. Brent crude oil for October delivery fell $3.05 to $95.10 a barrel.
  
  Wholesale gasoline for September delivery fell 10 cents to $2.95 a gallon. September heating oil fell 8 cents to $3.44 a gallon. September natural gas fell 4 cents to $8.73 per 1,000 cubic feet.
  
  
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• 'Big Short' investor Michael Burry sold all but one of his stocks last quarter — after warning an epic market crash is coming
  Michael Burry, the investor of "The Big Short" fame, slashed his US stock portfolio to a single holding...
  Michael Burry, the investor of "The Big Short" fame, slashed his US stock portfolio to a single holding in the second quarter, a Securities and Exchange Commission filing showed on Monday.
  
  Burry's Scion Asset Management disclosed just over 500,000 shares of Geo Group, worth $3.3 million. Geo invests in private prisons and mental-health facilities and commands a market capitalization of less than $900 million.
  
  Close followers of Burry are likely to interpret his decision to effectively liquidate his portfolio as a bad omen. The hedge-fund manager diagnosed the "greatest speculative bubble of all time in all things" last summer and said owners of meme stocks and cryptocurrencies were careening toward the "mother of all crashes."
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