Category

Oil

oil

Here's Why WTI Crude Oil Prices Are Down Today

Two reasons why WTI crude oil prices are down today are the Greek debt negotiations and looming Iran deadline.

The international news has big implications on where WTI oil prices are headed the rest of the year.

Here's a breakdown of today's movements...

oil prices

Here's the Latest Saudi Ploy to Control Oil Prices

Something created in London several years ago is beginning to have a major impact on oil prices and the oil market today. Unfortunately, this "something" is just what the Saudis need.

The ongoing battle between Saudi Arabia and American shale production over the international market continues.

Here's how the Saudis are grabbing control over pricing...

Oil Market

These Two Issues Are Affecting the London Oil Market Today

Anomalies in the oil sector tend to hit the London oil market first. And thank goodness we've got a firsthand read on it.

There are two forces at play in the market today – forces that will affect your oil and energy investments, no doubt about it.

Here's what's going on and what it all means...

Oil

What Happened at the OPEC Meeting Today?

At today's OPEC meeting, the cartel announced it would maintain its collective output at 30 million barrels a day.

The decision marks the second time since November that OPEC will defy the global supply glut and weak oil prices.

But OPEC has been lying about its production ceiling all along...

oil

Crude Oil Prices Today: $60.83 and $65.56

Crude oil prices today tumbled in response to fresh supply numbers from the EIA.

The agency reported a 1.9 million barrel decline last week. It fell short of analysts' expectations of 2.4 million barrels.

But investors are focused on an even bigger event on Friday that will dictate oil's movement this year...

oil

Don't Buy a Crude Oil Index ETF, Buy This Energy Stock Instead

Many investors are looking to buy a crude oil index ETF to profit from oil's rise throughout 2015.

WTI oil prices are up 7% this year. And we expect oil prices to continue climbing in 2015.

But many crude oil index ETFs have one major problem right now that many investors aren't aware of...

shale oil

Canada's New Shale Oil Field Could Rival the Bakken

Canada's energy industry may be most famous for its world-class oil sands resources. But a new shale oil field could surpass the oil sands as Canada's largest untapped oil reserve.

In fact, it could even rival the massive Bakken shale of North Dakota in terms of recoverable oil.

This area lies north of British Columbia and east of the Yukon. It's the Northwest Territories.

Recent data from Canada's National Energy Board (NEB) and the Northwest Territories Geological Survey shows that this area holds as much as 200 billion barrels of shale oil reserves. That compares to U.S. Geological Survey estimates that the Bakken shale formation will yield up to 7.4 billion barrels.

Not all of this Canadian oil is necessarily recoverable. But the Canol and Bluefish shales contain a total approaching 7 billion barrels of economically viable resources.

Here's a look at the vast potential of Canada's Northwest Territories...

Oil

The Next Iraqi Threat to the Oil Sector… It's Not What You're Expecting

If you still doubt that geopolitical heat can rattle the oil sector, then we strongly advise you to carefully watch the events that are about to play out.

Because matters are getting worse: U.S. Secretary of Defense Ashton Carter called out the Iraqi military – during a high-profile TV interview no less – claiming it lacks the will to fight.

In turn, the main Iranian general condemned the U.S. for not acting to halt ISIS' advance soon enough. Here's how all of this will have a huge impact on crude oil stability and global prices...

Oil

Make a Killing on the Coming Energy "Debt Bubble"

Following some nice recent gains and despite a dip on Tuesday, the market currently remains at just below $60 a barrel for West Texas Intermediate (WTI) crude oil futures in New York. The recent rise in prices would seem to be just what the smaller operators in the United States need to avoid a sector […]

But there is another shoe about to fall in the ongoing fight by smaller companies to survive...

Oil

Why the Crude Oil Price Today Is Down 2.1%

The crude oil price today (Friday) dropped below $60 in morning trading. The tumble erased most of Thursday’s gains and put oil prices on track for a weekly loss.

But today’s movement is just short-term volatility.

Here’s the biggest reason why prices will be in the $70 range by year’s end…

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com