oil futures

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

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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

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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…

Why Oil Is Down Today

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Why oil is down today: Crude oil prices continue to plummet today (Wednesday) as West Texas Intermediate dropped to $86.83 per barrel for November delivery on the New York Mercantile Exchange. That was WTI's lowest price since April 17, 2013.

Brent crude was trading at $91.51 per barrel just after 1:00 pm.

Here’s why crude oil prices have continued to drop dramatically over the past three months…

Why Oil Prices Are Falling Now

why oil prices are falling

Crude oil prices fell again early this morning (Thursday), as West Texas Intermediate (WTI) crude dropped as much as 2.8% to $88.18 per barrel for November delivery. That's a 20% drop from the three-year highs WTI set in June, and just above the 52-week low of $87.85 futures contracts set in January.

Brent crude oil prices were down to $92.45 per barrel, or 1.8%, shortly after 9:30 a.m. today.

Here’s why crude oil prices have continued to drop dramatically over the past three months…

The Three Reasons Crude Oil Prices Are Tanking

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Crude oil prices tanked more than 3% today (Tuesday) with West Texas Intermediate (WTI) crude dropping to $90.85 shortly before 3:00 p.m. on news that OPEC's oil supply has reached its highest level in nearly two years.

Currently, WTI is trading just above its 52-week low of $87.85 that it set in January. According to MarketWatch, oil ended the quarter down 13%, which was its worst quarterly performance since 2012.

According to Money Morning’s Global Energy Strategist Dr. Kent Moors, there are three distinct reasons oil prices keep dropping…

What Causes Crude Oil Prices to Rise

crude oil prices

Crude oil prices have had a volatile summer, with West Texas Intermediate (WTI) hitting a three-year high of $105.55 a barrel in June before settling back down near $92 this week.

Even with oil's volatility, investors can have a better idea of where the price of oil is headed if they know what causes oil prices to rise.

Money Morning’s Global Energy Strategist Dr. Kent Moors says that “one of the most predictable patterns in the markets” is behind huge spikes in the price of oil…

Price of Oil Edges Higher – Here’s What to Look for by End of 2014

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The price of oil has climbed slightly this week with West Texas Intermediate (WTI) hitting an intra-week high of $95.17 for October delivery today (Friday).

Despite this week's price hike, WTI prices are still well below the three-year high of $105 a barrel they hit in June.

But even though prices have dropped the last two months doesn’t mean we’re out of the woods. The price of oil could still soar in a hurry…

The One "Great Danger" That Could Send Crude Oil Prices Much Higher

Crude oil prices

Over the past several months, ISIS forces in Iraq have been selling oil from captured refineries on the black market in order to fund their terrorist activities and wreak havoc on the region.

Despite the crisis in Iraq, crude oil prices are down this month near $93 per barrel.

But Money Morning's Global Energy Strategist Dr. Kent Moors says a "great danger" in the region could send crude oil prices much higher.

Watch this video for the details...

Read More…

Dow Jones Futures Rise 40 Points; Here Are 8 Stories to Know Before Market Open

Dow Jones Futures

Stock market news today, August 21, 2014: Dow Jones futures were up 40 points (0.24%) this morning (Thursday). S&P futures gained 3.75 points (0.19%) and Nasdaq futures were also up 5.25 points (0.13%).

Yesterday saw the release of minutes from the most recent Federal Open Market Committee meeting in July. The minutes revealed that the U.S. Federal Reserve was impressed by job market's resilience, but still decided to wait on its decision of when it will raise interest rates.

Here are the top eight stories in the stock market today...

WTI Oil Prices Down This Week, But Headed Much Higher Long-Term

WTI oil price

WTI oil prices were down this morning (Wednesday) to a low of $97.06 for September contracts, after the Energy Information Administration (EIA) reduced its 2014 price forecast yesterday.

Citing increased oil production in the United States, the EIA dropped its 2014 forecast for WTI oil prices to $100.45 per barrel. In July, the EIA had projected a price of $100.98 per barrel.

But according to Money Morning's Global Energy Strategist Dr. Kent Moors, oil prices will be heading much higher in the long-term.

Even if the short-term outlook on oil prices remains favorable…

Crude Oil Prices Are Headed Higher Thanks to These Two Global Events

crude oil prices

Two events this week indicate the situation in two global hotspots is getting worse, and both will have a significant impact on crude oil prices.

First, the Islamic State, the terrorist group formerly known as the Islamic State of Iraq and the Levant, attacked the Mosul Dam. Second, the mayor of Kiev in Ukraine turned off the hot water.

Neither is a good sign, and each promises to shake up oil prices…

Crude Oil Prices Down Today, but Will Stay Inflated on International Tensions

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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…

Geopolitical Tensions Will Keep Driving Crude Oil Prices

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…

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…

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