Oil Prices

Crude Oil Prices Are Tanking; Here's What to Expect and What to Do Now

crude oil prices

Crude oil prices were down sharply again this week, reaching their lowest prices since January 2012. 

Thursday, West Texas Intermediate (WTI) crude oil for November delivery dropped to $80.01 a barrel. That's a 23.4% dip from the three-year high it set in June. Brent oil prices were down 4.3% to $85.04 Tuesday. That was Brent's biggest one-day drop since September 2011.

Here’s why the price of oil took another big hit this week, and what investors can do now…

Why the Saudis Are Cutting Oil Prices

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On Oct. 1, Saudi Aramco, the state-run oil producer of the world's biggest exporter, cut prices for all its exports, reducing prices for Asia to the lowest level since 2008.

By cutting oil prices rather than export volume, Saudi Arabia has signaled it is now ready for a potentially costly price war.

Why Oil Is Down Today

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Why oil is down today: Crude oil prices continue to plummet today (Wednesday) as West Texas Intermediate dropped to $86.83 per barrel for November delivery on the New York Mercantile Exchange. That was WTI's lowest price since April 17, 2013.

Brent crude was trading at $91.51 per barrel just after 1:00 pm.

Here’s why crude oil prices have continued to drop dramatically over the past three months…

The Best Way to Profit from Crude Oil Prices Right Now

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Making money in the energy sector is no longer pegged to higher crude oil prices. In today's environment, it's more about where a company drills, how it manages its assets and operations, and the broader flow of supply and demand.

It's also about selecting companies that are built to weather the inevitable dips in the price of crude.

And there are plenty of them out there…

Why Oil Prices Are Falling Now

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Crude oil prices fell again early this morning (Thursday), as West Texas Intermediate (WTI) crude dropped as much as 2.8% to $88.18 per barrel for November delivery. That's a 20% drop from the three-year highs WTI set in June, and just above the 52-week low of $87.85 futures contracts set in January.

Brent crude oil prices were down to $92.45 per barrel, or 1.8%, shortly after 9:30 a.m. today.

Here’s why crude oil prices have continued to drop dramatically over the past three months…

The Three Reasons Crude Oil Prices Are Tanking

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Crude oil prices tanked more than 3% today (Tuesday) with West Texas Intermediate (WTI) crude dropping to $90.85 shortly before 3:00 p.m. on news that OPEC's oil supply has reached its highest level in nearly two years.

Currently, WTI is trading just above its 52-week low of $87.85 that it set in January. According to MarketWatch, oil ended the quarter down 13%, which was its worst quarterly performance since 2012.

According to Money Morning’s Global Energy Strategist Dr. Kent Moors, there are three distinct reasons oil prices keep dropping…

Oil Prices Today: Three Key Factors the Pundits Are Missing

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Several pundits attributed yesterday's spike in oil prices to the recognition that the fight against ISIS in Iraq-Syria will be a long one. As usual, the 30-second TV wonders missed the boat.

Of course, the ongoing chaos in the Middle East is certainly a factor. To the extent that oil traders begin to calculate its impact into their risk models, there will be an effect.

However, when it comes to what actually moves oil prices, these three major price influences are more important…

How Falling Crude Oil Prices Could Trigger an Unpredictable, Dangerous Mess

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The dive in crude oil prices continued Monday as yet another sell-off targeted the energy sector for a particularly big hit.

This too shall pass. But the prospect of a protracted decline in oil prices is beginning to have broader policy implications in dangerous parts of the world, where rising prices have been the norm for most of the last decade.

As this situation develops, it could quickly get downright nasty…

DJIA Soars 100 Points Today as Rising Oil Prices Lift Energy Stocks

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The DJIA rose Tuesday after investors took a hard look at language used by the Federal Reserve and expect the central bank to be less hawkish on interest rates in the near term.

Today saw strong its strongest gains in the energy sector, fueled by rising oil prices. Brent crude, priced in London, increased 1.4%, while U.S. crude futures in New York were up 2%.

Here are today's top stories...

What Causes Crude Oil Prices to Rise

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Crude oil prices have had a volatile summer, with West Texas Intermediate (WTI) hitting a three-year high of $105.55 a barrel in June before settling back down near $92 this week.

Even with oil's volatility, investors can have a better idea of where the price of oil is headed if they know what causes oil prices to rise.

Money Morning’s Global Energy Strategist Dr. Kent Moors says that “one of the most predictable patterns in the markets” is behind huge spikes in the price of oil…