Will the oil sanctions on Iran be lifted? That's the big question in the news today – and the markets are reacting. During his latest appearance on Fox Business, Shah talks with host Stuart Varney about what might happen to oil prices if those sanctions are removed.
Oil prices are on the rise to end March. On March 26 WTI oil hit a high of $52.46. That's a 19% climb from the lows it hit just two weeks ago.
And as the price of oil rises, shares of the United States Oil Fund LP (NYSE: USO) are climbing too. The crude oil ETF is up 9% since March 18.
You see, investors are flooding into this oil ETF as a way to play rebounding oil prices.
Best Oil Stocks to Buy Now: For the past three months, oil prices have hovered at their lowest levels since the financial crisis.
But they're are headed higher this year – and there are still plenty of profitable gems in the oil sector.
As violence escalates in the Middle East, one question is on energy investors' minds – how will the Yemen crisis affect oil prices?
The event could imply an "Arab Spring II" due to low oil prices right now.
It's getting to be crunch time in the negotiations between the West and Iran over Tehran's nuclear program.
Despite an ill-advised attempt by U.S. senators to scuttle the talks, it's clear the negotiations in Geneva will continue.
Now, TV pundits have taken to the airwaves suggesting that an agreement would flood the market with Iranian oil.
Combined with production surpluses in the United States and elsewhere, the "instant" prognosticators are pushing their Armageddon pricing scenario again, putting additional pressure on oil prices.
Meanwhile, those playing the new "Iranian card" are shorting oil even further.
It's just the latest example of a self-fulfilling prophecy.
It works like this…
Chicken Little of "The Sky is Falling Brokerage" hits the airwaves warning of a collapse in prices, only to earn huge off-camera profits based on what he just said.
Meanwhile, average investors are left holding the bag as share prices fall.
How much is a barrel of oil, 3/19/2015: Oil futures fell back today after swinging sharply higher yesterday in response to the Fed's interest rates announcement.
But there's one fundamental force that will move prices toward $70 a barrel in 2015.
The prospect for oil prices in the near future looks significantly more positive. By the end of the second quarter or shortly thereafter, we believe oil prices will rise.
This is despite the recent monthly report released by the International Energy Agency (IEA) that projects a more prolonged oil glut than initially forecast.
What is the price of oil today: Oil prices hovered around their lowest levels in six years today (Monday) as investors disregarded OPEC's forecast that U.S. output will halve by the end of 2015.
The price of WTI crude oil fell below $48 a barrel today (Wednesday) after the Energy Information Administration (EIA) released its weekly supply report.
But there's one consequence of lower oil prices that will inevitably move them up.
Oil prices are inching forward again and there's an inevitable consequence building that will help them climb even higher.
It's called the "reserve crunch" In fact, just 300 million barrels of new reserves have been replaced… out of 1.2 billion. Hence the word "crunch."