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Why Oil Is Up Today

Why oil is up today (Monday, Nov. 23): WTI crude oil prices gained 0.7% this morning following a bullish announcement from Saudi Arabia.

The gains came after Saudi Arabia announced it's ready to cooperate with both OPEC and non-OPEC members to stabilize oil prices.

But Saudi Arabia isn't in the power position it thinks it is...


This Budding Russia-Iran Oil Deal Would Open the Door to Asia

We could see an unprecedented Russia-Iran oil deal unfold right before our eyes. The two countries met recently to talk export and trade agreements.

We're not sure how most major media outlets missed this alarming news, especially since such a deal could result in Russia's access to the world's most competitive market.

Here's where the "oil swap" could take the Kremlin's crude supply...


What ISIS' "Blood Oil" Really Means for Oil Markets

Oil didn't spike after last Friday's massacres in Paris because the chief driver of oil prices has changed.

But that doesn't mean ISIS isn't a player in the global oil market. It certainly is, but its role and impact is more complicated and insidious than the traditional "geopolitical factor."

Let me explain...


WTI Crude Oil Prices Today Down Following Paris Attacks

WTI crude oil prices today declined as rising production trumped concerns over supply disruptions after the Paris terrorist attacks.

Many investors don't understand why production is rising since U.S. supply is at 80-year highs.

But there are two factors pushing production higher right now...


WTI Crude Oil Price Today Drops Below $41 After IEA Supply Report

The WTI crude oil price today fell 2.8% after the International Energy Agency (IEA) released a startling report on global oil supply.

The agency said inventories held by the 34 countries in the OECD stood near 3 billion barrels in September.

Here's how you can play the volatile oil market...


Is There Any Chance the Keystone XL Project Could Be Revived?

The Keystone XL project has been a contentious topic for seven years – since it was granted its first presidential permission to be built on March 8, 2008.

Recently, the venture was vetoed in what many considered to be the last course of action needed to officially kill it.

But they're wrong. With the following two factors, the Keystone XL project could come back yet again...


Why Oil Production Is Increasing, Despite the Oil Glut

Despite weekly declines in the number of working rigs in the American market (now at the lowest levels in some six years) and rising cuts in capital commitments for new projects, the market surplus in oil is once again rising.

Crude oil prices are languishing in the face of what is projected to be another build in U.S. production stockpiles.

Given all that has been said about an oil glut, why is oil production continuing? Here's what you need to know...

Dow Jones

Dow Jones Industrial Average Today Struggles to Recover from Oil Price Collapse, Fed-Speak

Find out what's ahead for the Dow Jones Industrial Average today (Friday, Nov. 13).

Get your update on stock market futures, stocks to watch, the biggest stock market news, and today's best profit plays.

Continue reading here...


The Two Trends Shaking the Oil Industry Today

Accelerating changes in the oil industry are leading to two major emerging trends.

Tuesday morning, IEA reported that global investment cuts in forward capital commitments for new projects continue to intensify.

With crude languishing at $45 a barrel, this is the latest signal that the low prices for oil are initiating a pullback in projects.

But it is the range of the cuts this time around that is interesting.

And this development is spurring a second, more extreme effect on the sector...


How the Saudi Oil Production Decision Will Impact 2016 Prices

Saudi officials just announced the country will not reduce oil output.

The move to maintain Saudi oil production marks the second time the country chose to protect market share rather than stabilize oil prices.

But here's why you shouldn't listen to the doom-and-gloom price forecasts...