Oil prices today

Pre-Market Movers LOCO, GMCR Falling Fast Early Friday

pre-market movers

Good morning! For May 14, 2015, U.S. stock futures forecasted a 30-point increase from Thursday's close as continued weakness in the dollar squeezes out even more from the markets' bull run.

The S&P 500 soared to a new high on Thursday and the DJIA Index rose 191 points on news that weekly jobless claims remained near a 15-year-low. A falling U.S. dollar fueled optimism about the possibility of stronger international sales for domestic-based companies.

Here are your stock futures, top market news, earnings reports, and pre-market movers to watch in the stock market today...

Debunking the Newest Oil Price Myth

oil price

We've seen massive shifts in crude oil prices in recent weeks.

Of course, this has brought back some rather specious arguments by talking heads on TV and pundits spinning the next Armageddon scenario.

The latest is about how rising oil prices will prompt more volume to come online from a particular type of well (called DUCs), sending oil into another tailspin.

I'll deal with that in a minute but first let's address those pundits...

Saudi Dynasty After King Abdullah: A Visual Guide

Saudi dynasty succession

Saudi King Abdullah bin Abdulaziz passed on Jan. 22, 2015 at age 90. 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.

On April 29, for first time in Saudi history, the throne was set up to pass to the third generation of the family...

This U.S. Oil Rig Count Chart Shows How Lower Prices Impact Drillers

oil rig count

This U.S. oil rig count chart shows the massive impact falling oil prices have had on oil drillers.

Baker Hughes Inc. (NYSE: BHI) reported today (Thursday) that the number of oil rigs in the United States dropped to 802 last week. It was the 17th straight week of declines as 11 rigs shuttered operations.

Here's the dramatic affect that low oil prices are having on the industry...

Crude Oil Prices Will Recover – Here's How to Play the Rebound

crude oil prices

Crude oil prices continue to be volatile, with both Brent and WTI falling about 3% Wednesday.

But near-term volatility aside, oil prices are recovering from their recent lows. Brent has gained more than 30% since late January and is now over $60 a barrel. WTI is over $52.

While oil isn't going to surge in the short term, there are definite opportunities here. Oil won't have to hit triple digits for them to pay off, either.

Here's how to the play the rebound in energy...

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com