WTI crude oil prices for September delivery were down $1 today (Tuesday) to $100.67 per barrel, while Brent crude dropped $0.17 to $107.39 per barrel, despite the fact that geopolitical tensions in the Middle East and Russia remain.
Oil prices hit two-week highs last week as tensions in the Ukraine and the Middle East intensified.
While WTI crude oil prices are down from their 52-week high $106.64 from June (as the Iraq crisis escalated) the humanitarian and political crises taking place throughout the Middle East and Russia will continue to have an impact on oil prices moving forward…
Crude Oil Prices
Geopolitical Tensions Will Keep Driving Crude Oil Prices
A bevy of geopolitical issues sent WTI (West Texas Intermediate) crude oil prices higher late Thursday, with prices peaking at $103.94 per barrel for August delivery just before 7:00 p.m. Today, crude oil prices have settled back down below $103 per barrel this morning.
Crude oil prices may be back down today, but they're still up nearly 15% from their $89.74 low in January.According to Money Morning’s Global Energy Strategist Dr. Kent Moors, here’s where they’re headed now…
Our New Best Stocks to Buy List Focuses on Commodities, Small Caps, Dividends
Best stocks to buy for the week ending July 11, 2014: Last week, we loaded up readers with plenty of commodities picks - two gold mining stocks and six oil plays. But commodities only comprised half of the picks we highlighted...
We shared a blue chip giant that's beating the broader market by roughly 50%, recommended five small-cap stocks and one generic drug-maker, and provided a full-year outlook on dividend stocks.Get these, plus more, in our best stocks to buy right now roundup...
Are We Running Out of Oil?
For many years, industry experts have been sounding the alarm that America, and the world, are about to run out of oil.
Every expert who's predicted "the end of oil" has been wrong in the past. But with global energy consumption at an all-time high, and much of the world's economy dependent on oil, the question is: Are we running out of oil?Here's everything you need to know about today's oil market...
Profit from High Crude Oil Prices with These Secure, Under-the-Radar Stocks
WTI crude oil prices for delivery in August were down slightly yesterday (Tuesday) to $103.43 a barrel, which was a $0.10 drop from Monday.
And while crude oil prices are down from 52-week highs, they're still at inflated levels because of the crisis in Iraq.But that doesn’t mean investors can’t profit. Money Morning’s Dr. Kent Moors has found oil stocks to buy now that are profiting from foreign turmoil. In fact, the longer prices stay high, the better they will do…
The U.S. Oil Export Ban Is a Windfall for These Companies
After more than four decades, it looks like America is getting back into the oil export business again.
For the first time since the 1970s, Washington has opened the door to sending more U.S. crude abroad.
Of course, the United States has been exporting oil products for some time now.
In fact, America is now the largest exporter of products like gasoline, low-sulfur heating oil, and diesel fuel in the world.
But until now, companies were hamstrung when it came to the raw material itself.
Of course, there have been a few exceptions. Very heavy California crude, which has to be sold at a deep discount and for which there is not a ready domestic market, has received some permissions to export. In addition, a few tolling programs - where the raw material is exported out and finished products are imported back in - have been allowed.
But for the lion's share of what is pumped out of the ground at American fields, the domestic market has long been the only option.
This change in policy promises to open up new opportunities for investors... Full StoryRead More...
Here Are the Biggest Winners as the 40-Year Ban on U.S. Crude Oil Exports Ends
After over four decades, it looks like America is getting back into the oil export business again.
For the first time since the 1970s, Washington has opened the door to sending more U.S. crude oil abroad.And this change in policy promises to open up new opportunities for investors...
Why Crude Oil Prices Are Down Today – But Won't Stay There
Crude oil futures ticked a tad lower Thursday as investors digested the supply and export outlook in Iraq, as well as demand prospects from the United States - but the dips are likely temporary.
As Money Morning Global Energy Strategist Dr. Kent Moors recently explained, prices further out on the futures curve are rising much more quickly than anticipated as worries mount over global supply and demand.Here’s what’s weighing crude oil prices down today… at least for now.
Gasoline Prices Are Headed to $4 Per Gallon… and Here's Why
Futures prices for both crude and gasoline were down yesterday. Unfortunately, that barely tells the real story.
Thanks to the growing Sunni insurrection and the rapid unraveling of the Shiite government in Baghdad, you can bet that prices for both crude and gasoline will be making the headlines over the next two months.
As the next-month rates (August 2014) fell in yesterday's trade, oil prices as far out as December 2018 began to spike.Here's why yesterday's drop in prices is just the pause before the storm...
Stock Market Today: Merger News and Home Sales Moving Markets
Stock market today, June 23, 2014: U.S. stock markets dipped on Monday as corporate mergers continued to make headlines and the United States saw home sales rise for a second consecutive month. Last month, sales of previously owned homes increased by 4.9%, the fastest one-month gain since August 2011.
The price of West Texas Intermediate crude oil was up 0.83% to $107.26 a barrel. The yield on the 10-year Treasury note remained in Friday's range of 2.61%.And here are the top stories from the stock market today:
Crude Oil Prices Soaring on New Attacks in Iraq; Here's Where They're Headed
Crude oil prices are hovering near 52-week highs this morning (Wednesday), following news that Sunni militant fighters have attacked Iraq's main oil refinery in the city of Baiji.
Importantly, today's attack does not impact export production or export routes, but that doesn't mean that the mounting crisis won't have a major impact on crude oil prices today.Here’s where oil prices are headed as this crisis continues to unfold...
Crude Oil Prices Today Soar on Iraq and OPEC
Crude oil prices spiked $2.13 to $106.53 Thursday morning, putting the commodity at levels not seen since September 2013.
Brent crude, meanwhile, rose as much as 2.2% to $112.34Here's the major news moving these prices higher today – and for continuing weeks...
These Top LNG Stocks Trounced the Markets in January 2014
The broader markets had a dismal month of January - the Dow Jones Industrial Average was down 5.3% and the S&P 500 dipped 3.6% - but these liquefied natural gas (LNG) stocks all boasted strong returns.
The outlook for LNG stocks continues to look bright as well. Increased demand for natural gas in China, the increased supply of shale gas in the United States, and the high number of export facilities awaiting approval for construction in the United States are all bullish signs for LNG investors.
These five LNG stocks vastly outperformed the markets in January and have room to continue upward...To continue reading, please click here...
- Why the Keystone XL Crude Oil Pipeline Deal Is Far from Done Just because the State Department has decided that the Keystone XL pipeline would not have a major environmental impact, that's not the last word. And despite ongoing opposition, it's clear that the Keystone is the best way to get the crude oil from Canada's oil sands to the U.S Gulf Coast. It just needs to get past these last political hurdles...
Keystone Pipeline Gets Step Closer to Approval – Which Is Good News for These Investors
Keystone XL pipeline supporters - who have been waiting years for this project to be completed - just received good news from the U.S. Department of State.
The Keystone pipeline is 1,179 miles long and would connect heavy crude oil from bitumen deposits in Canada to the southeastern refining network of the United States. While the southern portion has been built, the northern section requires approval given its cross-border passage.To continue reading, please click here...
- The Best "Yardstick" for Picking Oil and Gas Stocks to Buy Determining fair value is vital when deciding whether a stock is a good buy or not. In the case of energy stocks, there happens to be a yardstick investors can use to bring home market-beating trades time and time again. And the best part is, hardly anyone else is using it...