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    Oil chart

    Pundits continue to emphasize global supply as a major problem for oil prices, but a look at this oil chart shows those concerns over supply are overstated.

    There's no denying global oil supply is on the rise. In 2014, the U.S. Energy Information Administration (EIA) reported oil inventories increased 0.8 million barrels a day (bpd). In 2015, that could grow to 0.9 million bpd if production remains the same.

    Talking heads say that's a sign oil prices will continue to slip. But they're missing the point.

    Here's the proof that oil supply talk has been overstated...

Oil prices today

Crude Oil Prices and the Influence of Saudi King Salman

crude oil prices

With King Salman taking over in Saudi Arabia, many have wondered how the OPEC country will handle its oil policy.

The country's refusal to cut production in 2014 was one of the biggest reasons crude oil prices fell so sharply over the past seven months.

Money Morning's Global Energy Strategist Dr. Kent Moors appeared on CNBC last week and discussed how Saudi Arabia could handle its oil policy now. He's a 35-year expert in oil and gas policy, and regularly meets with oil policymakers from around the globe.

Here's what he says investors can expect now...

Saudi Dynasty After King Abdullah: A Visual Guide

Saudi dynasty prince mohammed

Saudi King Abdullah bin Abdulaziz passed away late Thursday at age 90 after a short illness. His death triggered the biggest challenge to the Saudi dynasty in 50 years...

You see, the founder of the Saudi state, King Abdulaziz ibn Saud, decreed only that his first son would inherit the throne. Over the six decades that have followed King Abdulaziz ibn Saud's rule, succession has passed from brother to brother, almost always in order of their age.

But the last of the current line of 35 brothers will soon die out completely.

That means for the first time in Saudi history, the throne will be passed to the third generation of the family...

Why the Price of Oil Surged on Wednesday

price of oil

The price of oil rose dramatically Tuesday, posting its best one-day performance since 2012. All of this occurred in a market with oversupply concerns still unresolved and a continuing host of short artists poised to pummel futures prices at any opportunity.

So, if the environment remains essentially the same, why the rise in prices?

Here's why - in addition to where oil prices are headed next...

Crude Oil Prices Today: The Other Side of the "Glut"

oil barrels

The pundits continue to hawk the same reasons for the fall in crude oil prices today.

These are always "spearheaded" by comments about surging global supply led by the onslaught of unconventional (tight and shale) oil production in the United States.

Invariably, what's missed by these "TV sages" are the pricing dynamics kicking in that virtually guarantee an increase in oil prices as we move into 2015.

Just take a look...

Current Crude Oil Prices: $50 "Limit" for Brent

current crude oil prices

Current crude oil prices in the United States were on pace for a two-day winning streak Thursday amid modest gains.

In early afternoon trading, WTI prices were up $0.04, or 0.08%, to $48.69 a barrel. Brent crude, meanwhile, was lower by $0.25, or 0.49%, to $50.91 just after noon.

Here's a closer look at today's oil prices - as well as why the current oil price story is still ugly, at least for now...

Today's Oil Prices Spell Profit for These Energy Players

today's oil prices

Getting started this year took a bit longer than usual.

When I returned home from the Bahamas, I had to hook up an entirely new system of computers and peripherals. To top it off, everything is in a new version of Windows.

Talk about a monopoly! After a few beers, I would be happy to tell you what I really think of it.

Finally, things are now getting back to normal.

Of course, the oil price "Grinch" is still with us. He outstayed his welcome weeks ago, but with the shorts still driving oil prices lower he's decided to extend his stay.

And as the first two trading sessions this week have shown, the instability in the energy sector remains as well.

But as I'll show you, it's not all bad news.

For one portion of the industry, lower oil prices actually mean higher profits...

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...

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