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• Around the Markets
  Tesla fell 1.27% on reports that the EV maker’s share...
  Tesla fell 1.27% on reports that the EV maker’s share of the US market dropped to its lowest level since 2017.
  
  EchoStar popped 19.91% on the news that it’s selling $17 billion worth of spectrum licenses to Elon Musk’s SpaceX. That’s bad news for EchoStar competitors like T-Mobile (down 3.9%) and SpaceX competitors like AST SpaceMobile (down 3.87%).
  
  Screw capitalism: A new Gallup poll shows that 54% of Americans view capitalism favorably, down from 60% in 2021.
  
  Americans are facing the biggest increase to the cost of health insurance in 15 years. In completely unrelated news, UnitedHealth reaffirmed its annual profit outlook.
  
  Worker confidence tumbled to a record low last month.
  
  Dan Ives is having a great year: The Wedbush analyst will become the chairman of the board of a small company building a treasury of Sam Altman’s Worldcoin.
  
  Investors have “bought the rumor” of a Fed rate cut—but when it actually happens, the market could plunge as they “sell the news,” JPMorgan warned.
  
  G-7 nations are in serious debt trouble, and the UK may be the canary in the coalmine for what’s to come. Speaking of, France has so much debt that it recently cut two public holidays in a bid to increase tax revenue from more working days. Maybe that’s why the French prime minister just got the boot.
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• US LNG Exporters Race to Tie Up Financing as Surplus Looms
  US liquefied natural gas developers are rushing to secure financing and...
  US liquefied natural gas developers are rushing to secure financing and complete construction before a projected global supply glut emerges in 2027, which could limit new demand. Four projects with a combined 69.44 million short tons of annual capacity are awaiting final investment decision, while facilities already under construction contend with workforce shortages and cost pressures.
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• DAILY OIL PRICE: September 8, 2025
  Crude Oil: 62.26   (+0.39)....
  
  
  • Crude Oil: 62.26   (+0.39).
  
  
  • Nymex MTD AVG: 63.1150.
  
  
  • Natural Gas: 3.090   (+0.042).
  
  
  • Gasoline: 1.9586   (-0.0056).
  
  
  • Spreads: October/November (+0.39)     November/December (+0.25).
  
  
  • Plains WTI Posting: 58.74   (+0.39).
  
  

  
  SOURCE: Odessa American
  
  
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• Nasdaq closes at record as stocks rise to kick off big week of economic data
  U.S. stocks closed higher Monday as investors looked...

  U.S. stocks closed higher Monday as investors looked ahead to Tuesday’s revision to nonfarm payrolls, Wednesday’s producer price index, and Thursday’s consumer price index.

  
  

  The Dow Jones Industrial Average ended up roughly 0.3%, according to preliminary closing data from FactSet.

  
  

  The S&P 500 rose 0.2%.

  
  

  The Nasdaq Composite finished up 0.5% at a record closing high.

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• Goldman Sachs Warns of 1.9 Million Bpd Oil Glut by 2026
  Goldman Sachs expects the global oil market to swing into a surplus of...
  Goldman Sachs expects the global oil market to swing into a surplus of 1.9 million barrels daily next year as a result of OPEC+’s output cut unwinding and producers in North and South America also ramping up production.
  
  “While a full 1.65 mb/d unwind is plausible, we assume the group will leverage its flexibility to pause quota increases from January 2026 under our assumption that OECD commercial stocks start rising noticeably in 2025 Q4,” the investment bank’s commodity analysts said in a note on Sunday, following the news that OPEC+ will continue adding barrels to its collective output after years of restraining supply.
  
  “Although we revise up our 2026 surplus to 1.9 mb/d (vs. 1.7 mb/d prior), we assume only slightly faster OECD commercial stocks builds in Q4 2025- Q4 2026,” Goldman also said, as quoted by Reuters.
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