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oil price

OPEC Shorts Are Driving Down the Price of Oil

oil prices

The conflict between OPEC and U.S. shale/tight oil producers has entered a new phase. And the result has been an accelerated decline in the price of oil.

There is excess supply on the market and a correction has been in order even without the latest OPEC move.

Here's our take on the international scheme to keep oil prices down...

How Have Commodity Prices Performed in 2015?

commodity

The biggest news we hear when we talk about commodity prices is oil prices. That's because they've crashed nearly 50% in the last year.

But oil is nowhere near the biggest loser among the most common commodities.

Here's how the five most traded commodities have performed in 2015...

Why the Brent Crude Oil Price Is Down Today

oil

Why the Brent crude oil price is down today: Oil prices dipped lower today after an unexpected rise in reserves.

The supply data adds to the picture of a worldwide glut that has deflated prices recently.

But despite today's drop, oil prices will follow a very particular pattern the rest of the year...

[Chart] Crude Oil Price History Since 1862

oil

The past year has delivered one of the worst crashes in crude oil price history. Prices have slumped 47% since July 2014.

But oil price volatility is not a new concept.

This chart provides a glimpse into the history of oil volatility dating all the way back to the Civil War...

Why This Week's Market Overreaction Won't Affect Energy Demand

Energy

Some days you just want to crawl back into bed and pull up the covers. Wednesday was certainly one of them.

Greece has until Sunday to be saved from financial oblivion, and the Chinese stock market looks like it has come unglued. On top of these crises, the New York Stock Exchange stopped trading for over three hours Wednesday because of a "technical" glitch.

But none of this will have any effect on energy demand. Here's why...

Beat Canada's Oil Revenue Grab with This Investment

oil revenue

"The Greatest Outdoor Show on Earth," the century-old annual Calgary Stampede rodeo and festival, has just gotten underway. But while a million-plus visitors enjoy all the city has to offer, all is not well for petroleum companies in the city dubbed Canada's oil headquarters.

A few short months ago, a forty-four year political dynasty came to an end, as the oil-rich Canadian province of Alberta elected a left-wing government that wants to extract more revenue from energy companies.

Here's one...

Why the WTI Crude Oil Price Is Up Today

oil

There are two reasons why the WTI oil price is up today.

The main reason is the rebound in China's stock market, which saw its biggest one-day gain in six years. The other is the delay in a deal with Iran over its nuclear program.

Here's how both helped caused the surge in oil prices today...

Why the WTI Oil Price Is Down Today

wti oil price

There are three reasons why the WTI oil price is down today.

The biggest one is the debt crisis in Greece, which came to a head yesterday after Greek citizens voted against bailout conditions.

Here's a breakdown of how all three have caused the oil price drawback over the last week...

How to Invest in the New Energy Balance

higher oil prices

As we await the next chapter in the ongoing Greek debt mess, something of interest is happening right here in the U.S.

For the first time in my memory (which goes back more than four decades in this business), the energy market's normal supply-and-demand trade-off has been fundamentally altered.

As I have explained on several occasions in Oil & Energy Investor, overleverage will hamper some U.S. producers, while the inability to replace volume extracted due to the expenses incurred exceeding the wellhead profits will cause significant problems for others.

Here's where the best opportunities are going to arise...

How Much Is a Barrel of Oil Today?

how much is a barrel of oil today

How much is a barrel of oil today, 7/2/15: Oil prices are seeing a soft rally today on the coattails of a bullish U.S. jobs report.

Despite today's gains, oil prices have fallen by more than 1% over the last week.

But short-term volatility is expected. In fact, prices will follow this distinct upward pattern over the course of 2015...

How the Latest Greek Drama Will Affect the Price of Oil

the price of oil

The longer the Greek debt crisis remains unsolved, the bigger the impact on the price of oil. There are three primary concerns, all of which are pushing oil lower.

Once any sort of resolution emerges, oil prices will bounce back. But the longer that takes... the longer the volatility...

Here's what to expect in the coming days...

Why Our Oil Price Forecast Just Moved Higher

oil price forecast

Oil prices are up 14.5% year to date.

Concerns that have plagued the oil patch over the last several months, including supply/demand, are subsiding.

So where's oil headed? Keep reading for our latest oil price forecast...

Why the WTI Crude Oil Price Today Rose to $61.37

wti crude oil price today

The WTI crude oil price today surged above $61 in morning trading on declining inventory data.

The rise in oil prices came after the American Petroleum Institute (API) released a bullish weekly supply report.

Here's what that means for oil price forecasts for the rest of the year...

The Best Oil ETF to Invest in Today

crude oil etf

With oil prices ready to continue their rebound, investors are on the hunt for the best oil ETF to invest in now.

WTI oil prices are up 23.2% since they bottomed at $49.65 on March 17. They are still down 37% since June 23, 2014.

That's why we're recommending this oil ETF today...

Why I'm Revising My Oil Outlook… Upward

Dow futures

I just left a closed-door meeting in Paris. Assembled here were some high-powered oil practitioners, the traders selling their productions, and the bankers financing all of it.

As often happens, the pundits and talking heads have been discussing matters quite similar to what was on our agenda. And as usual, their perspectives are very different from those of us "behind the scenes."

For some time I have been talking in Oil & Energy Investor about a confluence of factors leading to a rise in oil prices. It was heartening to see I was right according to those assembled in my meeting - except for in the case of one interesting factor.

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