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• Oil Edges Higher as China Stimulus Moves Offset Demand Concern
  Oil prices ticked higher overseas on Monday, along with equity markets, after China took steps to support...
  Oil prices ticked higher overseas on Monday, along with equity markets, after China took steps to support its flagging economy, though investors remained worried about the pace of growth as well as further U.S. interest rate hikes that could dampen fuel demand.
  
  Brent crude rose 22 cents, or 0.3%, to $84.70 a barrel by 0049 GMT while U.S. West Texas Intermediate crude was at $80.08 a barrel, up 25 cents, or 0.3%.
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• Large blaze at Louisiana oil refinery forces evacuations
  A large fire that broke out in the storage tank of an oil refinery in Garyville, Louisiana, on Friday...
  A large fire that broke out in the storage tank of an oil refinery in Garyville, Louisiana, on Friday forced nearby residents to temporarily evacuate their homes. There were no injuries in the fire and it did not spread outside the refinery.
  
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• Weekly Rig Count Report
  U.S. energy firms in August cut the number of active oil rigs...
  U.S. energy firms in August cut the number of active oil rigs for a ninth straight month while the combined oil and natural gas rig count fell for the fourth month in a row, energy services firm Baker Hughes said in its closely followed report on August 25.
  
  For the week to Aug. 25, the total oil and gas rig count, an early indicator of future output, fell by 10 to 632, the lowest since February 2022.  In August, drillers cut 32 oil and gas rigs, their fourth monthly decline in a row, which puts the total rig count down 133, or 17%, below this time last year.
  
  U.S. oil rigs fell eight to 512 this week, their lowest since February 2022, while gas rigs slipped by two to 115, their lowest since January 2022.
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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 78 cents to $79.83 a barrel Friday. Brent crude for October delivery rose $1.12 to $84.48 a barrel.
  
  Wholesale gasoline for September delivery rose 10 cents to $2.88 a gallon. September heating oil rose 15 cents to $3.31 a gallon. September natural gas rose 2 cents to $2.54 per 1,000 cubic feet.
  
  
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• U.S. stocks end higher after Fed Chair Powell’s Jackson Hole remarks, S&P 500 snaps 3-week losing streak
  U.S. stocks ended higher Friday after Federal Reserve Chairman Jerome Powell warned the central bank...
  U.S. stocks ended higher Friday after Federal Reserve Chairman Jerome Powell warned the central bank may need to raise interest rates even higher to temper a strong U.S. economy and quell inflation while assuring investors that monetary policy would proceed cautiously.
  
  The Dow Jones Industrial Average DJIA rose 247.48 points, or 0.7%, to close at 34,346.90
  
  The S&P 500 SPX gained 29.4 points, or 0.7%, to finish at 4,405.71.
  
  The Nasdaq Composite COMP advanced 126.67 points, or 0.9%, to end at 13,590.65.
  
  For the week, the Dow fell 0.4%, the S&P 500 gained 0.8% and the Nasdaq climbed 2.3%, according to Dow Jones Market Data. The Dow booked back-to-back weekly losses, while the S&P 500 and technology-heavy Nasdaq Composite each snapped a three-week losing streak.
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