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This Says Our Favorite Biotech Is Off to the Races

Shares of a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Its shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. These shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)

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Oil- Money Morning - Only the News You Can Profit From.

  • Why Russia's Oil Fields Will Soon Be Crawling with Westerners

    Western oil majors are about to help Moscow solve its energy problem. And that could be a boon for investors.

    The traditional Russian oil fields in Western Siberia are well past peak production. Some satellite fields in the region remain, but the extraction gains will be marginal.

    My sources in Russia's Ministry of Natural Resources and Ecology (MNRE), the government entity responsible for distribution and oversight of development leases, now acknowledge that the country's overall crude oil production could decline by more than 7% over the next several years.

  • Profit From the Looming Spike in Crude Prices That the U.S. Oil Lobby Doesn't See Coming

    [Editor's Note: Money Morning recently conducted an extensive Q&A with Dr. Kent Moors on the future of energy. Dr. Moors last wrote about a revolutionary new technology that takes low-value fuel and turns it into a high-hydrogen-content gas.]

    John Felmy has been the chief economist of the American Petroleum Institute (API) for years. He's well respected. And I appreciate his experience. But the two of us disagree more often these days.

    We most recently locked horns at Malone University in Canton, Ohio, last week, where we were debating the future of oil. (Actually, when the invitation was made, I was supposed to debate Sarah Palin. But she pulled out to go on the road and pitch a book she didn't write.)

    Nonetheless, something disturbing emerged from the debate.

  • Western Oil Majors Reluctantly Return to Iraq

    Exxon Mobil Corp. (NYSE: XOM) and Royal Dutch Shell PLC (NYSE ADR: RDS.A, RDS.B) on Thursday won the right to develop Iraq's West Qurna-1 oilfield.

    The agreement is the third such deal this year, which means Iraqi oil production could increase at a faster pace than previously expected and potentially lead to a drop in oil prices.

    Iraqi officials earlier this week finalized an agreement with BP PLC (NYSE ADR: BP) and China National Petroleum Corp. (CNPC). Policymakers also reached an initial agreement with a consortium led by Italy's Eni SpA (NYSE ADR: E) that will develop the Zubair oil field.

  • Oil Prices Gaining Momentum as OPEC Keeps a Lid on Production

    The Organization of the Petroleum Exporting Countries (OPEC) said yesterday (Thursday) that it would keep production quotas at 24.845 million bpd and urge members to adhere to targets, as global demand has yet to return in full. However, a report from the International Energy Agency (IEA) indicated that demand is recovering more quickly than previously […]

  • Exxon Records Biggest Profits in U.S. History

    By Don Miller Associate Editor Money Morning Exxon Mobil Corp. (XOM) reported the biggest annual corporate profit in U.S. history on Friday, even as crude oil prices plummeted from summer highs, pummeling comparable fourth-quarter earnings by 33%. Exxon reported profits of $45.2 billion for 2008, continuing an epic run that investors have almost come to […]

  • OPEC Production Cut Up in the Air as Members to Clash Over Oil Prices

    By Jason Simpkins Associate Editor Money Morning In the face of the worst worldwide financial crisis since the Great Depression, the Organization of Petroleum Exporting Countries (OPEC) is expected to cut crude-oil output and raise prices at an emergency meeting in Vienna tomorrow (Friday). But even with crude oil prices down more than 50% from […]

  • How China is Beating the United States in the Global Oil Game

    By Keith Fitz-GeraldInvestment DirectorMoney Morning/The Money Map Report Iraq recently signed its first oil deal in 35 years with a foreign company. And – quite surprisingly to many observers – the company wasn’t one of ours. Not surprisingly, the U.S. news media barely acknowledged the deal – even though the agreement was major news throughout […]

  • Oil Slides on Safe Storm Passing, Stronger Dollar

    By Jennifer YousfiManaging Editor Oil prices dropped yesterday (Wednesday) as news that oil majors’ Gulf of Mexico facilities were unscathed coupled with the dollar’s seven-month high against the euro sent crude futures lower. Light sweet crude oil for October delivery dropped 86 cents to $108.85 per barrel on the New York Mercantile Exchange (NYMEX) yesterday. […]

  • China and Iraq Finalize Oil Contract, as Western Oil Majors Waver

    By Jason Simpkins Associate Editor China and Iraq will sign a deal next week to develop the Ahdab oil field, 100 miles southeast of Baghdad, at time when political gridlock and security concerns have cast doubt over several pending short-term contracts. The new agreement, valued at $1.2 billion, is a variation of a deal struck […]

  • With OPEC Planning to Cut Production, the Decline in Oil Prices May Not Last

    By Jason Simpkins Associate Editor Oil prices have plummeted 24% from the record high levels achieved in July, but the sell-off that sparked a stock-market rally over the last four weeks may not last since the Organization of Petroleum Exporting Countries (OPEC) is already gearing up to cut production. OPEC, the cartel that controls roughly […]