Crude Oil

The Saudis Are Losing Their Leverage over Oil Prices

oil prices

In an oil market version of a game of chicken, Saudi policymakers are trying to make U.S. producers blink first. And it's starting to work.

U.S. rigs are being brought offshore and drilling projects are being shelved. This will have an impact on the supply side in short order. By this summer, oil prices may be back to a range of $65 to $70 a barrel.

But in waging this doomed oil price war and pushing home its point, the Saudis have made a fatal mistake...

The Best Oil ETFs to Buy Before Crude Rebounds in 2015

Best Oil ETFs

Best oil ETFs to buy now: Crude oil prices have dropped to their lowest prices since 2009, falling below $50 a barrel this month, after reaching $115 a barrel in June.

But Money Morning's Global Energy Strategist Dr. Kent Moors says oil prices are near a bottom, and will rebound in 2015.

"As the most fluid commodity in the world, crude oil has the ability to quickly self-correct, which is why longtime oil veterans aren't worried about falling prices,” Moors said. "In fact, the vast majority of them (including myself) actually expect oil prices to climb next year."

These oil ETFs are trading at a huge discount now, but won’t for long…

The Early Read on 2015 Markets

stocks to buy

For the first time since 2008, stocks traded down on the last trading day of the year and the first trading day of the New Year.

Whether this will prove to be a mere statistical curiosity or a harbinger of troubles ahead remains to be seen, but there are enough headwinds facing investors to force them to don foul weather gear for the year ahead.

Markets are likely to see heavy seas in 2015 as the Fed starts raising interest rates and oil prices stay lower for longer than anybody expects... 

Crude Oil Price Chart: This Is the 4th-Largest Drop in 30 Years

crude oil price chart

West Texas Intermediate (WTI) crude oil dropped to $63.38 yesterday (Monday). At that level, the price of oil is now down more than 42% since September of 2013.

As this crude oil price chart shows, that's the fourth-largest bear market for oil in the last 30 years.

And while this isn't the biggest drop for oil, it is the longest bear market among the top five dips.

Here's the full story...

OPEC Oil Price War Won't Be Successful

OPEC Oil Price

In a highly publicized meeting last month, OPEC announced it would maintain high production levels in an attempt to disrupt U.S. shale oil producers.

But the OPEC oil price war simply won't work says Money Morning's Global Energy Strategist Dr. Kent Moors. He's been meeting with some of the world's top oil policymakers in Dubai this month and has been analyzing OPEC's strategy.

Moors appeared on Bloomberg TV in London this morning (Monday) and explained why OPEC is fighting a losing battle. He also detailed what the fair market price for crude oil is right now...

What's Next for Crude Oil Prices and Stocks After OPEC Meeting

crude oil prices

Last week's OPEC meeting in Vienna, Austria, was billed as the most important gathering of the cartel in years, with huge implications for crude oil prices.

The meeting's importance was felt almost immediately. After OPEC nations announced they would not cut oil production, oil prices plummeted. WTI crude oil is now down 37.8% from June and Brent oil is down nearly 40%.

Here's what investors can expect from oil prices moving forward, and the best strategy for oil stocks now...

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...

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…

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