Oil Prices

DJIA Futures Slide 142 Points Friday on Europe Sell-Off

Investing Tips

For Friday, April 17, 2015, DJIA futures forecasted a 142-point decline from Thursday's close as a sell-off in Europe is rattling markets.

Yesterday, the Dow gave up mid-afternoon gains to end the session down 6 points amid mixed earnings reports lackluster economic data. Weekly jobless claims jumped to a six-week high this morning, but the moving average remains near a 15-year low.

Here's what else you need to know to make it a profitable Friday...

The Truth Behind This Week's Energy Headlines

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It's been a momentous week in the oil industry...

Oil prices plunged 6%. U.S. crude stockpiles rose to record levels. The contest for market share within OPEC intensified, prompting rumors of a new oil cartel. And Europe's largest oil company settled the industry's biggest deal in at least a decade.

That's why CCTV-America brought in Dr. Kent Moors.

In the following video, Kent explains why oil price levels will rise over the long term, why oil producers aren't cutting back despite an oversupply, why the Saudis are putting pressure on OPEC, and why rumors of a new cartel are unfounded.

Plus, he shares his insights on the $70 billion Royal Dutch Shell/BG Group deal and why this won't be the only M&A deal in the near future.

GE Deal Leads DJIA Futures Up 30 Points Friday Morning

DJIA futures

DJIA futures were up 30 points, S&P futures rose 2.75 points, and Nasdaq futures were flat this morning. Markets are reacting to General Electric Co.'s (NYSE: GE) announcement of a major real estate deal. The Dow Jones Industrial Average gained 56 points on Thursday as oil prices rebounded and lifted energy stocks. But the dollar's strength limited the market's upside and fueled uncertainty over corporate profits as earnings season gets underway.

For April 10, 2015, here's your top market news, pre-market movers, and stocks to watch in the market today...

Iran Nuclear "Deal" Won't Drive Oil Down

Dow Jones futures today

Here at Money Morning we recently had the opportunity to sit down with Dr. Kent Moors, Money Map Press' Global Energy Strategist, for a quick chat about oil.

Kent had taken time out of his frequent world travels - scoping out the latest global energy profit developments - to stop by our HQ in Baltimore.

Here's what he told us about his "ground level" view of the real impact recent geopolitical events in Iran will have on the price of oil.

It's not what most experts think...

Demand Is Surging in the Oil Market, Pointing to Higher Prices Ahead

oil market

As the oil market focuses on the supply side and the possibility of reaching a nuclear deal in Iran grows, something else has been developing in crude.

Worldwide demand is beginning to surge.

In fact, it's not just surging - it's accelerating. Here's why that's happening and when to look for higher prices ahead...

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

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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...

Why This Popular Crude Oil ETF Is Not the Best Way to Play the Rebound

Crude oil ETF

Oil prices are on the rise to end March. On March 26 WTI oil hit a high of $52.46. That's a 19% climb from the lows it hit just two weeks ago.

And as the price of oil rises, shares of the United States Oil Fund LP (NYSE: USO) are climbing too. The crude oil ETF is up 9% since March 18.

You see, investors are flooding into this oil ETF as a way to play rebounding oil prices.

But for long-term investors, buying shares of this crude oil ETF is not a good strategy for playing oil's rebound. And there is one big reason why...

With Yemen Burning, Arab Spring II Is Underway

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The worsening crisis in Yemen has provided a stark reminder of the immediate impact geopolitical events can have on oil prices.

I was asked to provide my analysis on CNBC's "Closing Bell" on Thursday afternoon, and to discuss the impact the crisis will have on oil prices.

Because this crisis is already having a big impact on the price of crude...

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