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• Trafigura: Price spikes may hit fragile oil market
  The oil market...
  The oil market faces susceptibility to price spikes due to low inventories and inadequate investments in new oilfields, according to Ben Luckock, co-head of oil trading at Trafigura. Although the fair oil price ranges from $72 to $88 per barrel, Luckock expressed concerns about market complacency, emphasizing risks for higher prices due to prolonged underinvestment and factors such as elevated interest rates.

  
  

  
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• The workplace is getting older, as the new Rolling Stones album makes 80 look good
  For the first time in nearly twenty years, the Rolling Stones...
  For the first time in nearly twenty years, the Rolling Stones will release a new original album next month. And if the single unveiled yesterday is any indication, rock-and-roll’s OG frontman, Mick Jagger—now an octogenarian—hasn’t missed a beat.
  
  Ronnie Wood, Keith Richards, and Jagger announced their forthcoming album, Hackney Diamonds, yesterday in London along with their new song, “Angry.” At 76, 79, and 80, respectively, the Stones are just one example of how the makeup of the workforce is grayer than you might think:
  

  
  
  • Last year, 650,000 Americans over 80 were still working, up 18% from the previous decade, according to data from the Census Bureau.
  
  
  • There will be twice as many 75-year-old+ workers in 2030 than in 2020, due in part to the aging baby boomer generation, the Bureau of Labor Statistics estimates.
  
  
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• ☕️What Else is Brewing Thursday Morning
  Read: Americans are losing faith in the value of college. Whose fault is that? (...
  Read: Americans are losing faith in the value of college. Whose fault is that? (New York Times)
  
  Elon Musk borrowed $1 billion from SpaceX right around the time he bought Twitter, the WSJ reports.
  
  WeWork plans to renegotiate nearly all of its leases and pull out of “unfit and underperforming locations” in an effort to stay afloat.
  
  Demand for mortgages fell to its lowest level since December 1996 last week, despite a slight dip in rates.
  
  Bill Gates, or at least his foundation, bought $95 million worth of Anheuser-Busch stock last quarter even as Bud Light lost its spot as America’s top-selling beer.
  
  Spanish soccer star Jenni Hermoso filed a sexual assault complaint with prosecutors over the unwanted post-victory kiss at the World Cup from now-suspended national soccer federation President Luis Rubiales.
  
  
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• U.S. first-time unemployment claims fall to lowest level since February
  The numbers: Initial jobless benefit claims...
  The numbers: Initial jobless benefit claims fell by 13,000 to 216,000 in the week ended Sept. 2, the U.S. Labor Department said Thursday.  This is the lowest level since mid-February. Claims have fallen for four weeks in a row.
  
  Economists polled by The Wall Street Journal had estimated new claims would rise 2,000 to 230,000. Last week claims fell a revised 3,000 to 229,000. That compared with the initial estimate of a decrease of 4,000 to 228,000.
  
  Key details:  The number of people already collecting jobless benefits in the week ended Aug. 26 fell by 40,000 to 1.68 million.
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• Closing Oil and Gas Prices for Wednesday
  Oil futures settled higher on Wednesday, with U.S. prices posting...
  Oil futures settled higher on Wednesday, with U.S. prices posting a ninth consecutive climb — the longest streak of daily gains since early 2019.
  
  Prices for U.S. and global benchmark crude futures marked fresh settlement highs for the year so far, following the recent extension of supply cuts by Saudi Arabia and Russia.
  
  Benchmark U.S. crude oil for October delivery rose 85 cents to $87.54 a barrel Wednesday. Brent crude for November delivery rose 56 cents to $90.60 a barrel.
  
  Wholesale gasoline for October delivery rose 2 cents to $2.60 a gallon. October heating oil fell 3 cents to $3.19 a gallon. October natural gas fell 7 cents to $2.51 per 1,000 cubic feet.
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