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Why You Don't Need $50 Oil to Make a Profit

Earlier this spring, I talked about the importance of a stable oil pricing "floor," saying it was even more important than any gains crude might make in the meantime. 

That's because establishing a floor, a price oil won't dip below, is what actually generates profit opportunities – for everyone from Exxon Mobil and Shell to investors like you.

Now, OPEC's failure yesterday in Vienna to reach an output deal sent oil sliding again, despite around three weeks of solid gains. But later in the day, news that U.S. crude stockpiles dipped below 1.4 million barrels sent prices back up into the green for the day.

So oil is essentially treading water now. Naturally, the airwaves filled with fretting pundits, all mourning crude's inability to stay above $50, an arbitrary "ceiling" predicated more on psychology (and undeclared short positions) than any market reality.

So, let them cry into their studio mics. We're much better off ignoring them – they're looking literally in the wrong direction.

Here's why oil's price floor will make you far more profits than any ceiling ever will...


[CHART] How the Crude Oil Price Affects Spending

The crude oil price has plummeted 55% over the last two years.

That means American consumers have been spending less at the gasoline pump.

This chart shows where Americans are spending that money they've been saving...


Why the WTI Crude Oil Price Is Up Today

The WTI crude oil price today (Monday, May 16) is on track for its highest close in six months.

The U.S. benchmark jumped more than 3% to $47.68 during midday trading.

And it's all thanks to a surprisingly bullish prediction from this Wall Street bank...


The Price of Crude Oil in 2016 Will Climb Because of These 3 Factors

The price of crude oil has rocketed from its 13-year low in February.

WTI crude oil prices are up 59% to $46 a barrel today.

And there are four factors that ensure the rally will keep going in 2016...


The Secret to Predicting Oil Prices – and Cutting Through the "Expert" Hype

These four factors are the secret to accurately predicting oil prices – and cutting through the media's smoke and mirrors.

The second one threatens thousands of jobs here at home, so it's important to take a look at what's really happening with crude...


Crude Oil News: These Companies Just Ditched $2.5 Billion to Avoid Bankruptcy

The biggest crude oil news stories are always movements in day-to-day oil prices.

But the 58% crash in prices over the last two years has forced many firms to make difficult decisions.

That brings us to this important story being overlooked this week...


Why No "Silver Bullet" Will Ever Kill Crude Oil

The dominance of crude oil as an energy source is waning, but no silver bullet will emerge to replace oil as a new primary player.

This time, the energy sector is undergoing a different type of transition. Here's what to expect...


Crude Oil Prices Today Fall After Saudi Arabia Shakeup

Crude oil prices fell more than 1% in early-morning trading today.

At 9:45 a.m., WTI prices were down near $44.15, while Brent prices were trading at $44.66.

And it's all due to a massive government shakeup in the world's largest oil country this past weekend...


3 Reasons We Just Raised Our Oil Price Forecast for 2016

Oil prices have skyrocketed more than 70% over the last three months.

What's even better is that our new oil price forecast sees prices going even higher this year.

And there are three bullish factors that will make it happen...


Why the Price of Crude Oil Is Surging Today

The price of crude oil is close to hitting its highest level of the year.

And there are two ongoing events dominating energy headlines that are sending prices on a rally today.

Here's everything you need to know about crude oil prices today - and where they're heading in 2016...