oil price

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...

Crude Oil Prices: A Billionaire Insider Just Made a Bold Bet

crude oil prices

A very dramatic development in the oil market took place last week. It involved a well-known insider and a bullish bet on crude oil prices.

Harold Hamm, CEO of Continental Resources (NYSE: CLR), announced that his company - a major producer in U.S. unconventional oil basins - had unwound its hedge positions.

In a single bold move, Hamm had made one of the biggest bets ever on rising oil prices - here's why...

Why Lower Oil Prices Won't Kill the Renewable Energy Boom

oil prices

Whenever oil prices drop, everyone always wonders how it will affect wind and solar power.

It follows from the traditional assumption that renewables like these are only competitive when oil and natural gas prices are high.

After all, the early stages of wind and solar power came with a hefty front-loaded price tag, requiring massive government subsidies to both producers and end users to get off the ground.

Some states even introduced legal measures that required that utilities buy a certain percentage of their energy needs only from renewables.

All of this only added to the wider perception that renewables couldn't truly contend, especially if oil and natural gas prices fell.

But those days are now rapidly coming to an end...

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...

Saudi Move to Cut Oil Prices Is Now Russia's Biggest Economic Threat

oil prices

Saudi Arabia has made headlines by cutting oil prices, not production. That move seems calculated to undercut the effect the United States has on global oil markets, even though that effect is indirect.

But make no mistake: Russia is the country that will suffer the most as oil prices drop.

Thanks to the Saudis, this could get ugly very quickly for Putin…

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…

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…

The Best Way to Profit from Crude Oil Prices Right Now

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Making money in the energy sector is no longer pegged to higher crude oil prices. In today's environment, it's more about where a company drills, how it manages its assets and operations, and the broader flow of supply and demand.

It's also about selecting companies that are built to weather the inevitable dips in the price of crude.

And there are plenty of them out there…

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

crude oil prices

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…

Oil Prices Today: Three Key Factors the Pundits Are Missing

oil prices

Several pundits attributed yesterday's spike in oil prices to the recognition that the fight against ISIS in Iraq-Syria will be a long one. As usual, the 30-second TV wonders missed the boat.

Of course, the ongoing chaos in the Middle East is certainly a factor. To the extent that oil traders begin to calculate its impact into their risk models, there will be an effect.

However, when it comes to what actually moves oil prices, these three major price influences are more important…

How Falling Crude Oil Prices Could Trigger an Unpredictable, Dangerous Mess

crude oil prices

The dive in crude oil prices continued Monday as yet another sell-off targeted the energy sector for a particularly big hit.

This too shall pass. But the prospect of a protracted decline in oil prices is beginning to have broader policy implications in dangerous parts of the world, where rising prices have been the norm for most of the last decade.

As this situation develops, it could quickly get downright nasty…

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