Crude Oil

Profit from High Crude Oil Prices with These Secure, Under-the-Radar Stocks

Kent Moors

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…

What Lifting U.S. Export Ban Means for Crude Oil Prices

crude oil prices

In August, the U.S. government will begin allowing the exportation of crude oil for the first time in 40 years.

That has many American consumers wondering what will happen to crude oil prices now that the United States is exporting oil.

Money Morning's Global Energy Strategist Dr. Kent Moors appeared on CCTV Friday and discussed the benefits of U.S. oil exportation, and what effect oil exports will have on consumers and oil prices.

See what impact U.S. oil exports could have on jobs, revenue, and local taxes.

Read More…

Why Crude Oil Prices Are Down Today – But Won't Stay There

crude oil prices

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.

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...

Read More…

Oil Prices Will Continue to Rocket

Everyone wants to know why the price at the pump just keeps going higher.

The last time I discussed this issue was in late April. Since then, pump prices in the United States have jumped more than 12%.

Five years ago, the global oil market hit "panic" prices that ultimately exceeded $147 a barrel,

There were two reasons for this...

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

20140611_crude-oil-prices

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...

Iran's "Oil Show" Just Revealed a Huge Opportunity

Let's face it: Iran isn't at the top of anyone's list when considering all the profit opportunities out there in the world. At least, not yet...

You see, Iran is changing - and quickly.

Its new political regime at least appears to be increasingly open to the West.

Its old-style buyback contracts with international oil companies have long been considered high-risk with little or no flexibility; they essentially allowed Iran to own the oil company assets and allow the company a stream of profit.

But the isolated nation recently announced the introduction of a new generation of oil contract, one that promises to be considerably friendlier to foreign partners.

Full Story...

We Struck Oil… Lots of Oil

oil

In December 2013, I let our readers in on a way to invest directly in a new oil and gas drilling venture.

In the time since, I've been spending a great deal of time at the drilling site in South Texas, keeping an eye on the progress.

Why the Oil Price "Spread" Is Getting Tighter

The oil price spread between West Texas Intermediate and Brent is tightening again.

As of this morning, this spread stood at 7.2% of the WTI rate (the more accurate way to register its impact in the U.S. market).

And as this oil price spread continues to narrow, it promises to create some direct consequences for energy investors.

Here's what's behind it, and what investors need to know moving forward...

Gas Prices Are Heading Up (and the Sector That Will Benefit)

Rising Gas Prices

The price of gasoline in the U.S. is on the rise again.

Futures prices for RBOB ("Reformulated Blendstock for Oxygenate Blending"), the NYMEX futures contract for gasoline, are up over 11% for the year, and a full 6.6% of that increase has come in the past month.

In fact, gas is up 2.4% over the past week alone. Today, the average retail price is 4 cents higher per gallon than a year ago.

And you can bet that as we move into the "official" start of the summer driving season, the worst is yet to come. Prices will be headed even higher.

So with all the hoopla surrounding our newfound oil wealth and our legitimate move to become energy self-sufficient in as little as a decade, why are gas prices still climbing?

Let me explain...