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Millennials have shifted large amounts of cash into stocks and are moving toward more investment strategies including alternatives and non-traditional assets, say some analysts.
The U.S. Energy Information Administration U.S. crude supplies declined by 2.6 million barrels for the week of Aug. 24. Analysts forecasted a fall of 1 million barrels, while the American Petroleum Institute reported a modest rise of 38,000 barrels. WTI Crude is $69.42: Brent is $77.68 this morning.
The American Petroleum Institute showed that U.S. crude supplies for the week ended Aug. 24 climbed by a slight 38,000 barrels. Supply data from the Energy Information Administration will be released at 10:30 a.m. Eastern. WTI Crude is $68.91; Brent is $76.23 this morning.
Oil prices remain steady this month as supply threats from Iran and Venezuela are balanced by concerns that a trade dispute between the U.S and China will hurt economic growth. WTI Crude is $68.90; Brent is $76.63 this morning.
U.S. rig count and last week's decline in U.S. inventories are supporting oil prices amid a protracted U.S.-China trade war that could affect global growth and weigh on oil demand, say analysts. WTI Crude is $68.40; Brent is $75.49 this morning.
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