Oil prices were lower today as investors continued to take profits. The headline number however is prices closed up about 30% on the quarter. Oil and gas activity in three U.S. energy producing states has been rising with the latest jump in prices, according to a survey by the Federal Reserve Bank of Dallas. In July crude production grew to its highest since November of 2019. The OPEC+ ministerial panel meeting will take place on Oct. 4 and there is “increasing probability the voluntary supply cuts by Aramco are reduced,” National Australia Bank analysts said in a client note, referring to Saudi Arabia’s state oil producer. The supply cuts announced by Saudi Arabia and Russia are expected to dominate oil prices for the remainder of this year. WTI traded down $.92 to close at $90.97. Brent traded down $.07 to close at $95.31 at expiry.