Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing



This WTI Crude Oil Price Chart Shows What Really Moves Prices

Many observers make the mistake of assuming the price of oil is determined by simple supply and demand, like many other products.

This WTI crude oil price chart shows what really affects oil prices, and it isn't as obvious as you think...

Global Markets

Upbeat China Economic Data Lifts Asian Markets; Europe Equities Down on Weak Corporate Earnings

Global stock markets were mixed Tuesday. European stocks were pressured in part from weaker-than-expected corporate earnings reports and by slumping crude oil prices. Asian stocks were supported by some upbeat economic data coming out of China, the world's second-largest economy.

China's official purchasing managers index (PMI) rose to 51.2 in October from 50.4 in September.


How Much Is a Barrel of Oil?

How much is a barrel of oil? The price of a barrel of oil has dropped on the news OPEC members aren't making progress toward an agreement on curbing oil production.

Why is the price of a barrel of oil dropping? There are three related causes impacting the decline in oil price.

Global Markets

World Equity Markets Weaker; Focus On U.S. Politics, Crude Oil

Global stock markets were mostly weaker Monday, following the losses seen in New York on Friday. There was some downbeat economic data coming out of Japan, as industrial production and retail sales reports were a miss to the downside of expectations. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.

The marketplace is still digesting the surprise news Friday afternoon that the FBI is ostensibly reopening its investigation regarding Hillary Clinton's email server messages

Global Markets

World Markets Quieter; U.S. 3rd Quarter GDP Report Awaited

World markets were mostly on hold Friday, awaiting the big data point for the week: Friday's U.S. gross domestic product report for the third quarter, which is expected to see a rise of 2.5%, year-on-year. Many markets could become more volatile in the immediate aftermath of that report, especially if it is a miss from expectations.

Asian and European stock indexes were mostly weaker overnight. Japan's Nikkei stock index posted gains despite Japan's consumer price index falling 0.5% in September


When Is the Next OPEC Meeting?

When is the next OPEC meeting and why is it so important? Many investors don't know it, but the next OPEC meeting in Vienna will be the most important of the year.

Plus, we answer the big question: Will the next OPEC meeting lead to higher oil prices?

Global Markets

Upbeat U.K. Economic Data Sinks European, U.S. Bond Markets

In overnight news, the U.K. economy grew by 0.5% in the third quarter from the second, and grew by 2.3%, year-on-year. The numbers were better than market expectations. Also, retailers in the U.K. saw stronger than expected sales in October, a report said Thursday.

The upbeat GDP and consumer spending data came despite the U.K. Brexit vote in June, which many said would cripple the British economy.


The OPEC Oil Deal Is on the Brink of Collapse, and This Is the (Unexpected) Culprit

Iraq wants an exemption from the OPEC oil deal, but that's not all.

The media's ignoring this claim from the oil minister - but it could dismantle everything...

Global Markets

Global Equity Markets See Pressure From Downbeat U.S. Earnings Data, Lower Oil Prices

World stock markets were mostly lower Wednesday, following some downbeat U.S. corporate earnings news, including from Apple, and as crude oil prices are slumping this week. There were also some weak consumer confidence reports coming out of the European Union Wednesday.

U.S. stock indexes are also pointed toward lower openings when the New York day session begins.

Gold prices are under mild selling pressure in early U.S. dealings.

Global Markets

World Equity Markets Mostly Firmer Amid Better Investor Risk Appetite

European equity markets were mostly firmer Tuesday, amid an upbeat economic report from Germany and better corporate earnings reports in Europe and the U.S. Asian stock markets were mixed, with some selling pressure tied to a weaker South Korean gross domestic product report.

A weaker yen against the U.S. dollar helped to support Japan's Nikkei stock index. U.S. stock indexes are pointed toward higher openings when the New York day session begins.

Trader and investor risk appetite has been on the upswing the past few trading sessions.