Following some nice recent gains and despite a dip on Tuesday, the market currently remains at just below $60 a barrel for West Texas Intermediate (WTI) crude oil futures in New York. The recent rise in prices would seem to be just what the smaller operators in the United States need to avoid a sector […]
The crude oil price today (Friday) dropped below $60 in morning trading. The tumble erased most of Thursday’s gains and put oil prices on track for a weekly loss.
But today’s movement is just short-term volatility.
If one number summarizes the global oil market, it’s 93,002,710.
That’s how much oil was produced around the world every day in 2014. But how much oil does the U.S. have compared to the world’s top producers?
The Plains All American stock price is moving this morning in the wake of a West Coast oil spill.
Late yesterday afternoon, emergency officials responded to a ruptured pipeline along the Santa Barbara County coast. It leaked nearly 21,000 gallons of oil.
Here are five alarmingly plausible oil conspiracy theories that will have you convinced there's a war-for-oil going on.
In fact, one Wall Street Journal reporter knew so much that he mysteriously disappeared one morning, only to turn up dead a year later.
Oil prices have had a tumultuous week – but the volatility is only short term.
As this crude oil price chart shows, all major banks see prices rebounding. Some see oil surging to the mid-$70 range by Q4.
The recent move in oil prices prompted the talking heads on TV to warn us the market is oversupplied, thereby driving prices down.
But now they will need to switch gears and “explain” why they are moving up.
The WTI crude oil price saw more gains today after the Energy Information Administration (EIA) reported better-than-expected supply data.
Despite today's boost, oil prices have been volatile over the last week. But short-term volatility is to be expected.
We've seen massive shifts in crude oil prices in recent weeks.
Of course, this has brought back some rather specious arguments by talking heads on TV and pundits spinning the next Armageddon scenario.
The latest is about how rising oil prices will prompt more volume to come online from a particular type of well (called DUCs), sending oil into another tailspin.
Oil prices have fallen 35% in the last year – but there are still great oil stocks to buy now.
In fact, Money Morning Chief Investment Strategist Keith Fitz-Gerald recommends two that are set to surge from growing demand.