Crude prices were lower today trading down on demand worries. There have been some mixed messages out of OPEC+ about whether the group will hike output or not and this has caused some choppy trading. “This sell off moved the attention to what OPEC+’s response would be, which last week looked set to start the planned output hikes in October,” wrote Alex Hodes, analyst at StoneX. “The group is now concerned about pricing and sources say that a delay to the hikes is now being discussed.” Now all eyes are on the supply side. Depending on production, inventories, and refinery runs the market could change quickly. WTI traded down $1.14 or 1.62% to close at $69.20. Brent traded down $1.05 or -1.42% to close at $72.70

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  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Cyndi Popov (403-402-5043)
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  • Where: La Quinta Resort & Club, La Quinta, California
  • Attending: Curtis Chandler (239.405.3365)
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