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• Fuel inventory woes deepen as prices climb
  Signs of improved economic prospects in the US are driving diesel and distillate fuel prices higher,...
  Signs of improved economic prospects in the US are driving diesel and distillate fuel prices higher, stoking concerns about dwindling inventories. Ultra-low sulfur diesel futures have climbed from $95 on May 31 to $135 on Aug. 9, and refineries are running at full tilt to meet heightened demand, particularly for gasoline, which has reached its lowest seasonal inventory level since 2015.
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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 68 cents to $82.51 a barrel Monday. Brent crude for October delivery fell 60 cents to $86.21 a barrel.
  
  Wholesale gasoline for September delivery fell 6 cents to $2.91 a gallon. September heating oil fell 3 cents to $3.09 a gallon. September natural gas rose 2 cents to $2.80 per 1,000 cubic feet.
  
  
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• Dow, S&P 500 and Nasdaq post gains as big tech stocks rebound
  U.S. stocks closed higher on Monday, with the Dow flipping positive...
  U.S. stocks closed higher on Monday, with the Dow flipping positive near the closing bell, as technology stocks bounced back. The Dow Jones Industrial Average DJIA rose about 26 points, or 0.1%, ending near 35,308, according to preliminary FactSet data. The S&P 500 index SPX  scored a 0.6% gain and the Nasdaq Composite Index COMP, 1.05% closed up 1.1%, booking its best daily percentage climb since July 28, according to FactSet data. The S&P 500’s information technology sector outperformed with a 1.9% gain, while the communication services segment rose 1%
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• US gas prices climb to highest level in nearly 10 months
  Pump prices are creeping toward $4 a gallon nationally. The national average for regular...
  Pump prices are creeping toward $4 a gallon nationally. The national average for regular gasoline hit $3.85 a gallon on Monday, according to AAA. That’s the highest level since October 19 and comes just weeks ahead of Labor Day weekend when millions of Americans will hit the roads.
  
  The summer spike in gas prices has eased, with the cost to drivers moving just gradually higher more recently. The national average is up by two cents over the past week.
  
  Still, gas prices have climbed by 28 cents over the past month and 32 cents since the Fourth of July as a result of higher oil prices caused by Russia and Saudi Arabia cutting supply and extreme heat sidelining some US refineries.
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• Energy Sector Commentary
  The energy sector is off to a...

  The energy sector is off to a lower start, pressured by weakness in the crude complex and the major equity futures which are modestly lower as investors wait for more second-quarter results and retail sales data due later this week.

  
  

  WTI and Brent crude oil are starting the week sharply lower, down ~1%, on concerns about China’s economic recovery, a stronger US dollar and traders taking profits following seven-consecutive weeks of gains. Forecasts for higher demand and tighter supply fueled last week’s gains, despite weaker-than-expected economic data from China. Analysts believe OPEC+ will continue to do whatever it takes to tighten supply and stabilize the markets. Elsewhere, Oil exports from Sudan rose even amid fighting between a paramilitary group and the army, as crude production from South Sudan holds steady.

  
  

  Natural gas futures steadied as forecasts for more demand than previously expected, outweigh rising output

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