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Oil

Oil

A Barrel of WTI Crude Oil Still Costs Less Than the Actual Barrel

The WTI crude oil price has seen a massive rebound since its February lows.

In fact, it has surged a whopping 85% to $48.42 a barrel.

But most investors will be surprised to hear that today's oil price is cheaper than a men's sweatshirt...

Oil

This Is How an OPEC Meeting Typically Affects Oil Prices

The OPEC meeting concluded today, and as expected, there was no agreement on an output ceiling.

This caused oil prices to fall roughly 1.5% in early morning trading.

But most investors don't understand that this drop isn't nearly as bad as the average decline for all meetings...

oil

New Saudi Oil Minister Steps into OPEC Lion's Den

The new Saudi oil minister, Khalid Al-Falih, was unsuccessful in convincing Iran to stop its excessive oil production.

OPEC met today in Vienna, but was unable to reach an agreement. Because of the excessive oil production, prices could be on the verge of plummeting.

This was Al-Falih's toughest assignment so far as the new oil minister, but this OPEC saga is far from over...

oil

Crude Oil Prices Today Fall Below $48 Ahead of OPEC Meeting

Crude oil prices today declined by more than 2% to below the $48 mark.

The price drop comes as investors remain anxious ahead of one of the biggest oil meetings of 2016.

Here's more on the first OPEC meeting of 2016 tomorrow - and what it means for the cartel's future...

Oil

Saudi Arabia's Success Is About to Kill OPEC

Saudi Arabia's oil strategy appears to be working, but it may well kill OPEC in the process.

Here's how that's going to affect the June 2 OPEC meeting in Vienna...

Oil

The Fed Is Set to Slaughter Debt-Laden U.S. Oil Producers

The market is moving up nicely today, with the S&P 500 running on two-month highs toward 2,100. But investors are playing a special kind of Whack-a-Mole, only with the U.S. Federal Reserve Board instead of those cute little plastic guys you see on the boardwalk.

Of course the preeminent question is whether the Fed will raise interest rates soon. But either way, the U.S. energy sector, already under pressure, is about to feel a whole lot more of it – no matter when the Fed raises rates, or how many times it raises them in 2016.

In fact, no matter how you slice it, a wide swath of American oil and natural gas producers are going to catch it in the neck; bankruptcies, mergers and acquisitions, and of course asset sales (one step ahead of the sheriff) will be the order of the day. 

This much chaos and consolidation means one thing: There are big profit opportunities for those who tread carefully...

oil

This WTI Crude Oil Price Floor Will Yield Profits in 2016

The WTI crude oil price just hit a seven-month high of $49.40.

Despite the recent rally, investors should actually be keeping an eye on a lower oil price.

That's because this price floor will be the real source of oil profits in 2016...

oil

The Two Best Oil Stocks to Buy in 2016 for Market-Beating Gains

Oil stocks have been rallying lately thanks to the similar rally in oil prices.

These gains mean now is the best time to buy oil stocks as the sector keeps pushing higher.

Here are the two best oil stocks to buy in 2016...

oil

Get Ready for the Cheapest Memorial Day Gas Prices in Over 10 Years

We're about to see the cheapest gas prices in over a decade this Memorial Day weekend.

In fact, the whole summer could see us saving at the pump...

Oil

Why You Don't Need $50 Oil to Make a Profit

Earlier this spring, I talked about the importance of a stable oil pricing "floor," saying it was even more important than any gains crude might make in the meantime. 

That's because establishing a floor, a price oil won't dip below, is what actually generates profit opportunities – for everyone from Exxon Mobil and Shell to investors like you.

Now, OPEC's failure yesterday in Vienna to reach an output deal sent oil sliding again, despite around three weeks of solid gains. But later in the day, news that U.S. crude stockpiles dipped below 1.4 million barrels sent prices back up into the green for the day.

So oil is essentially treading water now. Naturally, the airwaves filled with fretting pundits, all mourning crude's inability to stay above $50, an arbitrary "ceiling" predicated more on psychology (and undeclared short positions) than any market reality.

So, let them cry into their studio mics. We're much better off ignoring them – they're looking literally in the wrong direction.

Here's why oil's price floor will make you far more profits than any ceiling ever will...