Crude Oil Prices

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.

Stock Market Today: Merger News and Home Sales Moving Markets

Stock Market Today

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:

What "Exceptionally Unstable" Crude Oil Prices Will Do to Gas This Week

crude oil prices

Money Morning Global Energy Strategist Dr. Kent Moors appeared on CNBC's "Closing Bell" on Fridayto discuss what geopolitical conflict in Iraq will do to crude oil prices and the effect on gas this week.

On Friday, Islamic State of Iraq and Greater Syria (ISIS) insurgents attacked Baji, an area about 200 miles north of Baghdad. Baji houses the largest refinery in Iraq, which accounts for almost a third of the country's refining capacity. Although the Iraqi government said it held Baji against the attack, ISIS has control of areas just outside the refinery.

Watch the video to see where Moors thinks "exceptionally unstable" crude oil prices will go from here, and whether gas prices will hit $4 per gallon this week...

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Crude Oil Prices Soaring on New Attacks in Iraq; Here's Where They're Headed

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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...

These Top LNG Stocks Trounced the Markets in January 2014

Industrial pipe with gas and oil and water

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

gas pipe line

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...

Two of Today's Best Investments in the Growing Trend of Energy Security

We've seen how the U.S. shale oil and gas boom has created a lot of new investing opportunities in the energy sector. As U.S. production soars, however, so do the risks to the infrastructure required to get the oil and gas out of the ground and into people's homes and autos.

Now energy security is growing into a handsome profit opportunity of its own...

What the Fed Taper Means for Oil Prices

Oil Rig

Despite the big gains on Wall Street after the Fed announced it would start to taper its stimulus programs in January, the move takes away a big prop to stock prices. Well, most stock prices. Because as the era of cheap money goes away, something very interesting is going to happen with oil...

and it's going to change global markets in a fundamental way...