oil price

Low Oil Prices in 2015 Will Make the Oil Industry Stronger

Low oil prices Low oil prices may have a silver lining, after all. Without a doubt, oil stocks have taken a pasting in recent months as oil prices have plunged more than 50%. But Money Morning Chief Investment Strategist Keith Fitz-Gerald, a seasoned market analyst with 33 years of experience, views such turmoil not with dread, but optimism. […]

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Oil Prices Today Still Near Five-Year Lows

Oil prices today

Oil prices today (Wednesday) edged up slightly after dipping to their lowest levels since April 2009 on Tuesday.

Early Wednesday, WTI oil prices dropped below $47 a barrel, their lowest level in more than five years. But at 9:45 EST, the U.S. benchmark rose to $48 for February delivery.

Here's why crude oil prices were on the rise this morning and where they are headed now...

Oil Stocks to Buy Now That Prices Are Low

Oil stocks

Big-name oil stocks have taken a beating since June.

ExxonMobil Corp. (NYSE: XOM) is down 12.6% in the last seven months. Other oil giants like Chevron Corp. (NYSE: CVX) and ConocoPhillips (NYSE: COP) are down 18% and 22.8% in the same time.

But according to Money Morning's Chief Investment Strategist Keith Fitz-Gerald, the fall won't last forever.

And these stocks will be the biggest winners when oil prices start rebounding...

2015 Oil Prices Won't Change the Emerging U.S. Dominance

Stock market today

My recent meetings in Dubai highlighted the profound change that will turn the balance of power in the energy industry on its head.

For years, OPEC was the puppet master, and the United States (and the rest of the world) were the puppets. They pulled the strings, and we danced. OPEC set the price of oil. OPEC controlled the supply.

But those days are ending. After dictating the course of oil prices for more than 50 years, OPEC is finding its influence diminished.

OPEC's oil ministers can read the handwriting on the wall as well as anyone. Not only are they about to lose the largest energy market in the world, but they'll soon be competing for the markets that used to be theirs for the taking.

Because in 2015 the United States will start pulling the strings...

Oil Prices: Black Swan or the Work of Vultures?

oil prices

Over the past few of days, three separate prognosticators have claimed the fall in oil prices is a "black swan" event - in other words, an outlier, a development that fails to follow any normal pattern.

This isn't a black swan, but calling it one may be a good way of clouding up what really is happening.

In this case, there's another motive at work - and the black swan becomes a convenient cover...

Oil Price Forecast 2015 Brings One of the Best Opportunities in Years

oil price forecast 2015 graphed

Oil Price Forecast 2015: After hovering around $110/barrel for the first eight months of the year, oil prices have tumbled by 45% into the $60 to $65/barrel range.

In fact, in mid-December, oil prices dipped as low as $56 a barrel, a level not seen since May 2009 during the worst of the "Great Recession."

But according to the 2015 oil price forecast by Money Morning Global Energy Strategist Dr. Kent Moors, the worst of the price crash is likely over.

"Oil," Dr. Moors says, "is very near a bottom."

Now here's how investors can profit...

OPEC News: Collapse of the Cartel Is Near

opec news

There's more OPEC news today after the 12-nation oil cartel announced again that it will not be cutting production in the face of falling oil prices.

According to Money Morning's Global Energy Strategist Dr. Kent Moors, these actions will spell the end of the cartel. You see, OPEC is fighting a battle it simply can't win.

Here are the three major reasons we're about to see the end of OPEC...

This Crude Oil Chart Shows Which Countries Are Reeling

crude oil chart

This crude oil chart shows just how hard the steady oil price slump has hit OPEC countries.

Oil is the foundation of OPEC countries' economies. Their budgets feel a tremendous strain when crude oil prices fall as dramatically as they have.

Brent oil for January delivery traded at $64.59 at noon today (Thursday). That's a drop of more than 41% from the $110 mark Brent hit in June.

The Economic Fallacy of Lower Oil Prices Will Hit Consumers Right Here…

oil prices

Media elites and Wall Street cheerleaders are greeting lower oil prices with open arms. 

Investors should beware these self-appointed experts bearing gifts.

Oil prices are falling for reasons that should be surprising to nobody: supply has been rising and demand has been falling.  If prolonged, which it is likely to be, the drop in oil prices is going to be destabilizing geopolitically and damaging economically. 

For those who want to believe in a magical economic rebirth as the price of oil falls, well, good luck with that.

My view is distinctly different, and it demands we look at the whole economic picture as it is, not as others want. It's time for some hard truths...

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...

OPEC's Impact on Oil Prices: An Exclusive from the "Inside"

OPEC's Impact on Oil Prices

At the OPEC meeting in Vienna last week, the cartel decided to maintain oil production levels. WTI crude oil prices fell to $63.72 in the aftermath. That's a 37.8% drop since June.

Money Morning's Global Energy Strategist Dr. Kent Moors is in Dubai this week meeting with some of the world's top oil policymakers.

Here's his inside look at OPEC's impact on oil prices...

How the OPEC Meeting "Showdown" Will Affect Crude Oil Prices

OPEC meeting

As the price of oil continues to fall, all eyes are on the OPEC meeting scheduled for tomorrow (Thursday, Nov. 27).

The biggest decision for the 12 member nations is whether to curb production. That would be done in an effort to stabilize global oil prices.

Here's the impact the various outcomes of tomorrow's meeting would have on crude oil prices...

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