Crude Oil Prices

Crude Oil Prices: A Billionaire Insider Just Made a Bold Bet

crude oil prices

A very dramatic development in the oil market took place last week. It involved a well-known insider and a bullish bet on crude oil prices.

Harold Hamm, CEO of Continental Resources (NYSE: CLR), announced that his company - a major producer in U.S. unconventional oil basins - had unwound its hedge positions.

In a single bold move, Hamm had made one of the biggest bets ever on rising oil prices - here's why...

Why Lower Oil Prices Won't Kill the Renewable Energy Boom

oil prices

Whenever oil prices drop, everyone always wonders how it will affect wind and solar power.

It follows from the traditional assumption that renewables like these are only competitive when oil and natural gas prices are high.

After all, the early stages of wind and solar power came with a hefty front-loaded price tag, requiring massive government subsidies to both producers and end users to get off the ground.

Some states even introduced legal measures that required that utilities buy a certain percentage of their energy needs only from renewables.

All of this only added to the wider perception that renewables couldn't truly contend, especially if oil and natural gas prices fell.

But those days are now rapidly coming to an end...

How to Invest in Oil Stocks as Prices Dip

oil stocks

The price of oil has slipped consistently since June, dragging most oil stocks down with it.

In June, West Texas Intermediate (WTI) hit a three-year high of $103.66 per barrel. By Tuesday, it closed at its lowest price in more than three years, at $77.19.

Here's a look at the oil stocks that should be avoided when prices are low, and some that are presenting excellent buying opportunities now...

Cutting Crude Oil Prices Is a "No-Win Situation" for Saudis

crude oil prices

Saudi Arabia is once again fueling a global oil feud by cutting crude oil prices. It's the second time in a month the kingdom has grabbed the headlines in the oil markets.

In its latest version, Saudi Aramco (the national oil company) has restored an earlier price cut to Asia, but reduced its price to U.S customers.

That means the Saudis are now trying to fight a crude oil war on three different fronts: against Russia in Asia; with OPEC's over-producers like Venezuela and Kuwait; and an escalating battle against U.S. unconventional (tight and shale) oil.

But its latest maneuver won't be enough to turn the tide...

As Crude Oil Prices Fall, These Drillers Benefit – Here's Why

crude oil prices

Thanks to the drop in crude oil prices, some TV pundits are now talking about the end of the "new" oil age. With oil now trading in a band between $80 and $88 a barrel, there's a "new normal" for crude.

But lower oil prices never hit everyone the same. The little-known truth is that, in some cases, lower crude oil prices actually make some companies even more attractive.

Let me explain...

Energy Sector Forecast: What to Expect After the Sell-Off

energy sector

With the stock market now roaring back, investors are left to wonder whether the worst is behind us - or if there's more pain yet to come.

While every segment of the market felt the brunt of the sell-off, energy seemed to drop with a vengeance... but it didn't last for long. As the market bottomed out, energy stocks led the recovery, posting big advances.

Here's what the latest market gyrations tell us about the energy sector...

Saudi Move to Cut Oil Prices Is Now Russia's Biggest Economic Threat

oil prices

Saudi Arabia has made headlines by cutting oil prices, not production. That move seems calculated to undercut the effect the United States has on global oil markets, even though that effect is indirect.

But make no mistake: Russia is the country that will suffer the most as oil prices drop.

Thanks to the Saudis, this could get ugly very quickly for Putin…

Crude Oil Prices Are Tanking; Here's What to Expect and What to Do Now

crude oil prices

Crude oil prices were down sharply again this week, reaching their lowest prices since January 2012. 

Thursday, West Texas Intermediate (WTI) crude oil for November delivery dropped to $80.01 a barrel. That's a 23.4% dip from the three-year high it set in June. Brent oil prices were down 4.3% to $85.04 Tuesday. That was Brent's biggest one-day drop since September 2011.

Here’s why the price of oil took another big hit this week, and what investors can do now…

Flat Markets and Falling Commodities Will Headline Stock Market Today

stock market today

Stock market today, October 15, 2014: U.S. stock markets ended the day flat Tuesday after struggling to rebound, with yet another late sell-off hitting the markets in the final hour. The S&P 500 Index and Nasdaq managed to eke out modest gains, but the Dow Jones slipped another 5 points. The S&P 500 Volatility Index (VIX) dipped 4% on the day.

Last week's stock market correction meant a 464-point plunge in the Dow Jones Industrial Average. We witnessed a continued sell-off in energy stocks and a slump in commodity prices, specifically oil, highlighting certain profit opportunities.

Here’s what else you should know to make your Wednesday profitable…

Why the Saudis Are Cutting Oil Prices

20141013-oil-prices

On Oct. 1, Saudi Aramco, the state-run oil producer of the world's biggest exporter, cut prices for all its exports, reducing prices for Asia to the lowest level since 2008.

By cutting oil prices rather than export volume, Saudi Arabia has signaled it is now ready for a potentially costly price war.

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