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One of the Best Oil Stocks to Buy Now

Finding profitable oil stocks to buy now can be difficult in this low price environment.

But identifying profitable oil stocks is just as important as identifying dangerous ones.

Here are the companies you should avoid this year, followed by one of our "best oil stocks to buy now" picks for 2016...


Why the WTI Crude Oil Price Is Down Today

Iran is OPEC's black sheep, and the WTI crude oil price isn't responding well to its revolt.

Prices fell after Iran stated it wouldn't join the effort to freeze production and raise prices.

But there are two consequences of this low price climate that will offer a number of long-term opportunities...


Why WTI Crude Oil Prices Are Down Today

The world's largest oil producers are getting cold feet, and West Texas Intermediate (WTI) crude oil prices are feeling it.

Prices are falling on news that a meeting among OPEC and non-OPEC producers is unlikely to happen.

But that doesn't mean you can't profit from oil's 2016 turnaround...


Oil Prices Will More Than Double by 2017

Oil prices have gone through one of the worst oil crashes in modern history.

But we believe oil prices will more than double their current value by 2017.

Watch this video to find out what's going to fuel this historic rebound in oil prices...


Why the WTI Crude Oil Price Today Hit a 2016 High

After one of the most volatile starts to a year ever, the WTI crude oil price seems to have finally stabilized.

Oil prices today were bolstered by statements from the UAE energy minister and the declining U.S. rig count.

And there are three ways to profit from oil's long-term rebound in 2016...


The Oil Sector's "Other Shoe" Just Dropped

The "other shoe" is dropping for the oil sector, and it's going to affect each and every one of us.

This ripple effect will extend to much more than just oil and gas.

And it looms as an ongoing concern, one that is likely to have a longer-lasting effect than the price of oil itself - unless, that is, there is a reversal of trajectory.


Why This Oil Stock Is Our Pick of the Week

The oil stock Phillips 66 (NYSE: PSX) is the Money Morning Pick of the Week.

Phillips 66 stock has held up surprisingly well over the past year despite plummeting oil prices – it's actually up about 6.5%.

And while Wall Street is still down on oil stocks, one of the world's most successful investors has been loading up on it lately.

He's obviously sees value here. And when you look closely, there are plenty of reasons to like Phillips 66 stock...


Why the WTI Crude Oil Price Is Up Today

The WTI crude oil price saw its second straight session of gains today after several producers announced production cuts across Oklahoma and Texas.

Today's gains mark the beginning of a sustained long-term rise in prices.

And there are four types of oil stocks that will offer nice returns in the meantime...


Why Oil Prices and Stock Markets Have Been Dancing in Lockstep

Common sense suggests that some signals would affect both oil prices and the stock markets.

But that's not what we've been seeing lately. The two have instead been moving in almost lockstep connection. When one moves, so does the other, no matter the reason.

It seems common sense isn't in charge of the markets any more. Here's why...


How to Profit from the "Great Oil Turnaround" of 2016

We've been able to make energy profits during the oil bear because I'm tracking opportunities outside of petroleum. One of my favorite alternative "oil-killer" energy plays, for instance, is up 45% since I recommended it. The global energy balance is simply shifting to favor these alternative energy sources.

But oil is still vitally important, and I'm pleased to report that it's going to be a bigger source of profits moving forward…

You see, towards the end of February, we saw signs that oil is about to turn the corner, with oil prices shooting up 8.5% in a single week.

While they later fell a bit, showing that volatility is still the name of the game, make no mistake…

A sustained rise in oil prices is coming.

To prepare for this trend, I've put together a plan for us to profit.

I'm tracking several companies across four different categories, but this one strategy will get you perfectly positioned to capture the biggest possible profits from the coming end of oil's decline.

In a moment, you'll see exactly how this plan will work.

But first, here's what's changed to allow for this turnaround in oil prices...