Crude Oil Prices Today: $60.83 and $65.56

Crude oil prices today tumbled in response to fresh supply numbers from the EIA.

The agency reported a 1.9 million barrel decline last week. It fell short of analysts' expectations of 2.4 million barrels.

But investors are focused on an even bigger event on Friday that will dictate oil's movement this year...


Don't Buy a Crude Oil Index ETF, Buy This Energy Stock Instead

Many investors are looking to buy a crude oil index ETF to profit from oil's rise throughout 2015.

WTI oil prices are up 7% this year. And we expect oil prices to continue climbing in 2015.

But many crude oil index ETFs have one major problem right now that many investors aren't aware of...

shale oil

Canada's New Shale Oil Field Could Rival the Bakken

Canada's energy industry may be most famous for its world-class oil sands resources. But a new shale oil field could surpass the oil sands as Canada's largest untapped oil reserve.

In fact, it could even rival the massive Bakken shale of North Dakota in terms of recoverable oil.

This area lies north of British Columbia and east of the Yukon. It's the Northwest Territories.

Recent data from Canada's National Energy Board (NEB) and the Northwest Territories Geological Survey shows that this area holds as much as 200 billion barrels of shale oil reserves. That compares to U.S. Geological Survey estimates that the Bakken shale formation will yield up to 7.4 billion barrels.

Not all of this Canadian oil is necessarily recoverable. But the Canol and Bluefish shales contain a total approaching 7 billion barrels of economically viable resources.

Here's a look at the vast potential of Canada's Northwest Territories...


The Next Iraqi Threat to the Oil Sector… It's Not What You're Expecting

If you still doubt that geopolitical heat can rattle the oil sector, then we strongly advise you to carefully watch the events that are about to play out.

Because matters are getting worse: U.S. Secretary of Defense Ashton Carter called out the Iraqi military – during a high-profile TV interview no less – claiming it lacks the will to fight.

In turn, the main Iranian general condemned the U.S. for not acting to halt ISIS' advance soon enough. Here's how all of this will have a huge impact on crude oil stability and global prices...


Make a Killing on the Coming Energy "Debt Bubble"

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 […]

But there is another shoe about to fall in the ongoing fight by smaller companies to survive...


Why the Crude Oil Price Today Is Down 2.1%

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.

Here’s the biggest reason why prices will be in the $70 range by year’s end…


How Much Oil Does the U.S. Have Compared to Other Countries?

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?

This chart shows how much the top 15 oil-producing countries generated in 2014…


What's the Plains All American Stock Price After the California Oil Spill?

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's how Plains All American stock has trended recently...

Oil prices

5 Oil Conspiracy Theories That Seem Alarmingly Plausible

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.

So have a read and tell us what you think...


This Crude Oil Price Chart Shows Where Futures Will Go in 2015

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.

Here's where Morgan Stanley, Commerzbank, and others see WTI prices by the end of the year...

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