This Week’s Market Buzz

• At press time, Brent crude futures added 3.5% to end the day at $89.32, while U.S. West Texas Intermediate (WTI) crude futures settled 4.65% higher at $82.15 per barrel.

• U.S. Silica Holdings Inc. announced that its Industrial and Specialty Products segment will increase prices for most of its non-contracted silica sand, aplite, limestone, diatomaceous earth, perlite, engineered clays and non-activated clay products used primarily in glass, filtration, foundry, paints, coatings, elastomers, roofing, chemicals, recreation, building products and other applications. Price increases will range from 9% to 20% depending on the product and grade and go into effect for shipments beginning Nov. 1, 2022. These price increases are necessary to help offset significant and continuing cost increases in labor, transportation, materials and manufacturing costs.

• A Cameron, Wis., man who broke into a frac sand plant near New Auburn, Wis., and allegedly left a note that said “rape our land, meet our clan” can avoid a prison term if he complies with terms of probation imposed during an Aug. 31 sentencing hearing in Barron County Circuit Court.

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