Crude Oil
Oct crude oil this morning is up +44 cents (+0.91%) and Oct gasoline is +0.0142 (+0.86%). Tuesday's closes: Oct WTI crude +0.16 (+0.33%), Oct gasoline +0.0218 (+1.33%). Oct crude oil and gasoline on Tuesday closed higher on a report from people familiar with the matter who said that OPEC is considering extending oil-production cuts that expire in Q1 of next year until Q2 of next year. Signs of educed OPEC crude output were also supportive as OPEC Aug oil production fell -140,000 bpd to 32.71 million bpd. Gains in crude were limited on expectations for Wednesday's EIA crude inventories will increase by +4.0 million bbl.