oil price

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...

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...

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