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MarketWatch: Dow ends up over 200 points ahead of August inflation reading
U.S. stocks finished higher on Monday, notching a fourth-straight...
U.S. stocks finished higher on Monday, notching a fourth-straight day of gains as investors await an update on the pace of inflation in August. The S&P 500 SPX, 1.06% advanced 43.05 points, or 1.1%, to 4,110.41. The Dow Jones Industrial Average DJIA, 0.71% climbed 229.63 points, or 0.7%, to 32,381.34. The Nasdaq Composite COMP, 1.27% rose 154.10 points, or 1.3%, to 12,266.41. On Tuesday morning, investors are expected to receive the first reading on the consumer-price index for August, which is expected to show that inflation slowed to 8.1% last month, down from 8.5% during the month prior, according to a FactSet estimate.
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U.S. emergency oil reserves tumble to lowest since 1984
HOUSTON (Reuters) -U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million...
HOUSTON (Reuters) -U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday.

The release from the Strategic Petroleum Reserve (SPR) in the week ended Sept. 9 was the steepest draw since May. It comprised of about 6.3 million barrels of sweet crude and around 2 million barrels of sour crude.

President Joe Biden in March set a plan to release 1 million barrels per day over six months from the SPR to tackle high U.S. fuel prices, which have contributed to soaring inflation.
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Energy Sector Commentary for Monday
The energy sector is off early...
The energy sector is off early to a higher start, supported by strength in the underlying commodities and the major market averages. U.S stocks are expected to move higher ahead of a crucial inflation reading this week that could provide more insight on interest rate hikes.

WTI and Brent crude oil are up in early trading as the talks with Iran hit obstacles and further sanctions on Russia become a possibility, amid the existing tight supply. European leaders said they had “serious doubts” about Iran’s intentions to bring more barrels into the market, comments that were rejected by Tehran. Iran earlier this month sent its latest response to the European Union's proposed text to restore the 2015 agreement under which Tehran had restrained its nuclear program in exchange for relief from U.S., EU and U.N. economic sanctions, which western diplomats said was a “step backward”. Additionally, the G7 is looking to impose a price cap on Russia which would be set at a fair market value minus any risk premium resulting from its invasion of Ukraine.

Natural gas futures fell this morning amid growing inventories, despite forecasts for warmer weather than previously expected.
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Ukraine is gaining ground in the war
Ukraine tripled its territorial gains in 48 hours. Yesterday, the 200th day since the...
Ukraine tripled its territorial gains in 48 hours. Yesterday, the 200th day since the war began, Ukrainian forces scored their biggest victory in months, driving the Russian military out of a swath of territory it seized in the spring. In a lightning counteroffensive this month, the Ukrainians say they’ve recaptured more than 1,100 square miles of the northeastern Kharkiv region—basically like regaining all of Rhode Island. In response, Russian strikes caused a “total blackout” across stretches of eastern Ukraine, President Volodymyr Zelensky said.
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What's ahead this week in the markets 📈
Markets: During last week’s rally, the S&P ...
Markets: During last week’s rally, the S&P rose above its 50-day moving average—Wall Street lingo meaning the average of the 50 prior closing levels. While that’s a good sign, everything could hinge on Tuesday’s inflation report and how it’ll influence the Fed’s interest rate decisions. Over in crypto, all eyes are on Ethereum’s big software upgrade, scheduled to take place between Tuesday and Thursday this week.

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OklahomaMinerals.com

$550MM Canvas Acquisition Expands Diversified Energy’s Oklahoma Footprint

U.S. Oil Producers Slash 2025 Spending as Prices Slide and Consolidation Mounts

Targa Advances Forza Pipeline Linking Delaware to Waha

Enbridge Backs Northeast Supply and Gulf LNG Demand

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Company gets $2.6 million to relinquish oil lease on Montana land that’s sacred to Native Americans

From ‘swimming naked’ to the ‘manic-depressive’ market to the billionaires whose inner jerk came out, here are Warren Buffett’s best quotes from the last 93 years

The world’s most valuable oil company may launch the biggest stock offering in history

How ERCOT is narrowly getting through an extreme summer — and how experts say it could do better

Big Oil’s Empty Green Promises

LNG Imports From Russia Rise, Despite Cut in Pipeline Gas

How Colombia’s Booming Cocaine Business Is Driving Rampant Oil Theft

Crescent Point Energy Sells Assets in North Dakota for $500MM in Cash

There’s a Vast Source of Clean Energy Beneath Our Feet. And a Race to Tap It.

Iran summons Swiss diplomat over US seizure of Iranian crude oil that’s now at port in Houston

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New Mexico Oil Lease Sale Breaks Records, Brings in $256 Million for Schools

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Ten Counties in the Permian Basin Account for 93% of U.S. Oil Production Growth Since 2020

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