The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0742 GMT - Oil prices are falling, with U.S. benchmark WTI slipping below $90 a barrel as immediate supply concerns ease following an increase in Middle East exports and the release of G-7 emergency stockpiles. In early European trading, Brent crude was down 0.3% at $100.07 a barrel, while WTI futures fell 0.6% to $88.92. "Oil producers in the Persian Gulf continue to adapt to the region's situation," analysts at ING say. "Kuwait said that it is producing at 75% of pre-war levels, while the Saudis also cut the official selling price of their Arab Light into Asia for November loadings, a sign of an improving supply picture." Still, tensions remain elevated. Saudi and Yemeni forces have launched a counteroffensive to oust Houthi militants from the strategic port city of Mokha, which the group has used to expand its control near the Bab al-Mandeb chokepoint, a key transit route for energy exports through the Red Sea.(giulia.petroni@wsj.com)

0652 GMT - Schneider Electric's deals to buy PTC and Cognite change the investment case on the French engineering group to make it more reliant on its less attractive industrial-automation division, J.P. Morgan analysts say. JPM cuts its recommendation on Schneider to neutral from overweight, while trimming its price target to 310 euros from 345 euros. Schneider is spending big on its industrial automation division, with $27 billion allocated to the unit through the PTC and Cognite acquisitions, but this dilutes strong growth at its energy-management division that made the group an attractive investment, the analysts say in a research note. JPM says its preference in the industry shifts to Schneider's smaller French peer Legrand. Shares in Schneider closed 10% lower Monday at 272.80 euros. (adria.calatayud@wsj.com)

0637 GMT - SK Innovation is likely to benefit from higher lubricant base oil prices, LS Securities analyst K.H. Chung says. The South Korean refiner is a global leader in premium lubricant base oils, producing about 80,000 barrels of Group III base oils a day, Chung writes in a note. She expects the supply shortage of lubricant base oils to persist for more than a year. Tight supply of kerosene and diesel and wider refining margins could also continue to boost the company's earnings, she adds. LS Securities upgrades the stock to buy from hold and raises its target price to 187,000 won from 126,000 won. Shares end 2.6% higher at 158,000 won. (kwanwoo.jun@wsj.com)

0539 GMT - The U.S. Treasury yield steepens, with short-end yields falling and intermediate- and long-end yields rising in Asian trade as the bond selloff continues. Long-end yields are up on the day but remain below Monday's multidecade highs as the price of Brent oil hovers around $100 per barrel. The two-year Treasury yield declines 0.4 basis points to 4.828%, according to Tradeweb, as expectations of a Federal Reserve rate hike in October have retreated in recent days. Money markets currently price in a 24% probability of a 25-basis-point Fed rate hike this month, well below the 70% level seen Monday last week. The 10-year yield is up 0.4 basis points at 5.314%, while the 30-year yield is up 0.9 basis point at 5.672%, according to Tradeweb. (emese.bartha@wsj.com) Corrections & Amplifications

This item was corrected at 1:56 a.m. ET. The original version incorrectly said the 30-year yield was up 9 basis points.