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Saudi Arabia Unveils Economic Plan That's NOT Dependent on Oil

Saudi Arabia's Deputy Crown Prince revealed a bold reform plan for the world's wealthiest nation today.

Included in his proposal is the creation of a massive sovereign wealth fund, among other audacious changes.

Here's a look at the Saudi royal's exclusive plan that promotes independence from oil...

oil prices

The Five Geopolitical Crises Moving Oil Prices Now

WTI crude oil prices have hit the $42 to $45 target Dr. Kent Moors set for mid-June.

Now he sees five geopolitical crises emerging, and each one will have a tremendous impact on energy moving forward.

This first one, for example, could give crude an immediate jolt...


Why Crude Oil Prices Haven't Crashed Despite Saudi Arabia's Efforts

Fallout from the failed Doha meeting was essentially a non-event. In fact, crude oil prices have rallied this week.

There's one very simple reason why - and it has nothing to do with an oil production freeze...


Saudi Arabia Threatens to Crash U.S. Markets

President Obama's trip to the Saudi capital of Riyadh this week comes at an awkward time.

That's because Saudi Arabia sent a warning to the U.S. as Congress tries to pass a bill that would hold the Saudi government responsible for the Sept. 11 attacks.

And this threat targets the heart of the U.S. economy...


Why the Crude Oil Price Is Surging from the Kuwait Oil Strike

Both crude oil price benchmarks are on the rise again today (Tuesday, April 19).

But today's gains have nothing to do with the Doha meeting.

Here's why oil prices are up today...


Crude Oil Prices Today Crash After Failed Doha Meeting

Crude oil prices today plunged below $39 after everything the oil market feared would happen… happened.

Both WTI and Brent crude oil prices fell to their lowest level in seven sessions.

And it's all thanks to the failure of the biggest oil meeting in decades...


What's Next for Crude Oil Prices After Today's Doha Meeting

The future of crude oil prices hinges on the most important oil meeting in decades today.

Anticipation for the meeting has sent oil prices on a 35% rally ever since it was announced back in February.

But investors are anxious to know how crude oil prices will perform after the meeting...


The WTI Crude Oil Price Crash Made This Unknown Firm Over $1 Billion

Despite the 23% rebound over the last two months, the WTI crude oil price is still down over 60% since June 2014.

This plunge has caused U.S. oil companies to suffer record losses.

But there's one company that's profited $1.6 billion from the price crash...


What the Doha Meeting Really Means for Oil Prices

The oil patch is abuzz with rumor and speculation concerning the April 17 meeting of OPEC and non-OPEC oil-producing nations in Doha, Qatar.

In fact, the markets have already reacted to the meeting, even though it hasn't happened yet; the New York-set crude benchmark West Texas Intermediate surged more than 4.5% this week, a week that saw crude head up for the most part.

But as I've said throughout oil's ongoing volatility, these days, perception and expectation in the oil markets are far more important than fundamental supply and demand. Demand is growing, and higher prices can unleash more than enough supply to meet that demand.

So, let me show you what traders are "perceiving" right now in advance of this meeting - and what that means for crude prices from here on out...


Why the WTI Crude Oil Price Is Climbing Today

The WTI crude oil price climbed higher today thanks to a bullish global supply report.

Despite today's gains, many investors are nervous about the future of oil prices.

That's because the oil market this year hinges on the outcome of this massive event...