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Brent crude futures fell USD 2.14, or 2.6%, to USD 79.47 a barrel by 1:06 p.m. EST (1806 GMT). U.S. crude lost USD 2.12, or 2.7%, to USD 75.25. Both benchmarks hit their lowest since mid-July. "The market is clearly less concerned about the potential for Middle Eastern supply disruptions and is instead focused on an easing in the balance," ING analysts Warren Patterson and Ewa Manthey said in a note to clients, referring to crude supply conditions. ....
Editor’s Note: If you are interested in adopting one of these animals, please check with the shelter or rescue to be sure the animal is still available. ....
U.S. crude oil production hit a record high in August, putting the Biden administration in a tight spot regarding its pledge to transition from fossil fuels and complicating Republican criticism that the White House has been hindering the production of energy. ....