oil price

An Oil Price Forecast for the "New Energy Age"

oil price forecast

The oil price forecast calls for higher crude ahead, but not enough to save the day. The pivotal issue of the cost per barrel has taken a back seat to a more crucial issue at hand.

One that could lead to a more protracted fiscal crisis in the future. Because, while under the "old rules" oil prices could move up to meet budgetary needs.

But that's not the case anymore. Here's what it means for oil prices down the road...

What the "Yellen Effect" Ultimately Means for Oil Prices

oil prices

Janet Yellen triggered a move in oil prices on March 19. West Texas Intermediate (WTI) soared 3.7% and Brent jumped 4.4%.

The talking heads jumped on their chance respond. "Nothing the Fed Chair said indicated a retreat from any pending rate hike!" cried the pundits.

So why all the market exuberance? Here what "Yellen's Effect" really means for oil prices...

Oil Prices Are Going Higher (Big Gains Ahead)

oil prices

The prospect for oil prices in the near future looks significantly more positive. By the end of the second quarter or shortly thereafter, we believe oil prices will rise.

This is despite the recent monthly report released by the International Energy Agency (IEA) that projects a more prolonged oil glut than initially forecast.

Here is what the IEA got wrong...

Exploit Oil's Current Low

higher oil prices

If you've been eyeing a new gas-guzzling SUV as your next vehicle, you may want to reconsider that Prius once more.

That's because today's low gas prices won't be around forever and oil prices aren't about to "tank" any time soon.

In fact, the oil price crash has created a state of "contango," a market anomaly that savvy investors can exploit. It's presenting a rare market opportunity to profit that only comes around once every few years.

The Coming Oil Price "Crunch" Means Profits for Smart Investors

higher oil prices

Oil prices are inching forward again and there's an inevitable consequence building that will help them climb even higher.

It's called the "reserve crunch" In fact, just 300 million barrels of new reserves have been replaced... out of 1.2 billion. Hence the word "crunch."

Here's why this kind of "crunch" promises to have a big impact on both crude oil prices and stock valuations...

Price of Oil per Barrel Hits $52 as Analysts Continue to Misread Market

price of oil per barrel

The current price of oil per barrel rallied hard today (Friday) at the end of an extremely volatile week.

Oil prices have been U-shaped this week, hitting highs of $54 midday Monday and lows of $48 midday Wednesday before soaring back up today.

But analysts keep calling for lower prices.

Here's what they're failing to understand…

How Analysts Are Wrong About Crude Oil Prices – Again

crude oil prices

Despite a 20% jump in crude oil prices, some pundits continue to predict more pain.

In fact, just yesterday, Citigroup analyst Ed Morse came out with his most bearish forecast yet.

According to Morse, oil prices could fall another 60% to $20 a barrel. As for the recent rebound, Morse thinks it looks more like a "head-fake" than a sustainable turning point.

There's just one problem with all of this bearish analysis. And it's a big one...

Why the Price of Oil Is Surging – in One Picture

price of oil

The price of oil is still on the rise today (Tuesday). As of 12:35 p.m. GMT (7:35 a.m. EST) today, Brent traded at $56.38 a barrel, a nearly 3% gain from its previous value.

That puts Brent oil up 14% since last Friday (Jan. 30). And on that day, Brent surged 8% - its biggest one-day gain since 2009.

WTI crude traded this morning at $50.88, up roughly 2.6% since Monday night.

Oil prices are surging for one reason, and this picture says it all...

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