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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.


Why the Price of Oil Today Is Down

The price of oil today (Monday, Oct. 24) is down from its October highs as uncertainty about the OPEC-Russia deal weighs on traders' minds.

Thankfully, our oil price prediction at Money Morning will help investors look toward the future with confidence.

Global Markets

World Stock Markets Firmer On Big U.S. Merger; Heavy Slate Of Earnings This Week

Global equity markets were mostly firmer Monday, ahead of a busy week of U.S. corporate earnings reports.  Two big U.S. companies are merging it was announced over the weekend, as AT&T intends to purchase Time-Warner.

European equities were lifted in part by improving banking sector stocks.

Gold prices are modestly lower in early U.S. trading. Bears still possess the overall near-term technical advantage.


The Strange Tale of the "Phantom Oil" Glut – and Why It's About to Vanish

An emerging discrepancy in oil storage numbers makes the reported oil glut seem vastly overstated.

Here's what's happening - and what it means for oil prices...

Global Markets

World Stock Markets Mixed Overnight; China Economic Data Mostly Upbeat

(Kitco News) – Asian stock markets were mixed overnight, despite some mostly upbeat economic data coming out of China. European stock markets were mostly lower.

U.S. stock indexes are pointed toward narrowly mixed openings when the U.S. day session begins in New York.

Gold prices are trading moderately higher on more short covering and bargain hunting.

Global Markets

World Stock Markets, Gold Higher; U.S. Inflation Data On Deck

Global stock markets were mostly higher Tuesday, ahead of a key U.S. inflation report due out shortly. The U.S. consumer price index for September is forecasted to rise by 0.3%, year-on-year. U.S. stock indexes are pointed toward higher openings when the New York day session begins.

World bond markets stabilized Tuesday after those markets in Asia and Europe were under pressure Monday.


The View from "Kissinger's Bar"

Our oil expert writes from Kissinger's Bar in Paris on the latest in the oil industry, including why OPEC's potential oil deal is far from complete.

Here's everything you need to know ahead of the next OPEC meeting...


What Is the Price of Crude Oil Today?

The one question we keep hearing from readers is "what is the price of crude oil today?"

Keeping prices in check were a strong dollar, oversupply concerns, and worries that next month's meeting of key cartel members won't result in a production cut.

Here are the details...