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Oil Prices

Stock Market Today: Data Breach Hits Second-Largest U.S. Health Insurer

Stock market today

Stock market today, February 5, 2015: Stock market futures for Thursday, Feb. 5, showed a 77-point increase from yesterday's close. On Wednesday, the Dow Jones erased a 100-point gain to end the day just 6 points higher than where it started. Investors turned cautious as oil prices fell once again.

The stock market today opens with news that hackers struck Anthem Inc (Nasdaq: ANTM) - the second-largest health insurer in the U.S.

Today's biggest news will come from Europe. The European Central Bank abruptly canceled an agreement that would exchange Greek bonds for new funding. This will require the Greek Central Bank to pump money into its banking system with emergency liquidity over the next two months.

Here's what else you should know about the stock market today - including your "Money Morning Tip of the Day" - to make it a profitable Thursday...

Big Oil, Big Headaches, and Big Opportunities

stocks to buy

A three-day rally in crude prices last week is giving investors hope that the collapse in oil prices is over, and the market is reacting with strong moves to the upside in "Big Oil" stocks.

However, it may be too soon to draw either a correlation or conclusion; oil inventories and futures markets suggest that oil prices could easily head back down before stabilizing later this year (we saw a glimpse of this early Wednesday).

The share price drops have significantly affected the "Oil Patch" sector, with the Energy Select SPDR ETF down 26% since peaking at $100.93 on June 20, 2014.

Is an oil price rally for real, or just a head-fake we need to ignore for now?

The answer may just surprise you - and help you profit...

Crude Oil Price Today at $47.95 Marks Huge One-Day Drop

crude oil price today

The oil price today (Wednesday) abruptly fell below $50 again.

The oil price drop came after another weekly supply announcement. The U.S. Energy Information Administration reported crude oil supplies rose by 6.3 million barrels to 412.1 million in the week ended Jan. 30.

Here's everything you need to know about oil's sharp decline today...

Why the DJIA Rose Today – 305-Point Gain

Why the DJIA rose today

The DJIA added another 305 points Tuesday. The cause? Oil prices surged once again.

Higher energy prices helped Caterpillar Inc. (NYSE: CAT), Exxon Mobil Corp. (NYSE: XOM), and Chevron Corp. (NYSE: CVX) all jump more than 2.5% on the day.

Soaring auto sales and hopes for a Greek debt deal also lifted stocks today.

Here's a closer look at why the DJIA rose today -- plus our new tip for investors...

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...

Why Oil Prices Are Up Today

why oil prices are up today

The reason why oil prices are up today comes from the largest union strike in the last 35 years.

The surge occurred after 3,800 United Steelworkers union members walked off nine refineries on Sunday. USW said it "had no choice" after failing to agree on new contracts.

Here's everything you need to know about oil prices today...

Dow Jones Drops 251 Points Friday as Oil Prices Surge

Alibaba stock price

The Dow Jones fell 251 points today. The cause? An afternoon oil-price surge caught the market off guard.

West Texas Intermediate crude jumped 8% in New York after Islamic State militants attacked Kurdish forces near the oil-rich city of Kirkuk and news emerged that the U.S. rig count, an indicator of forward production, slipped by 7% this week.

Here are the other top stories from the stock market today - plus today's profit tip for investors...

This Oil Chart Shows the Real Global Oil Supply Story

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...

Stock Market Futures Forecast 147-Point Decline, Shake Shack Makes NYSE Debut

Stock market futures

Good morning! Stock market futures for Friday, Jan. 30, forecasted a 147-point decline from yesterday's close. The Dow Jones gained 225 points on Thursday on strong earnings reports from a number of Blue Chip companies and an upswing in oil prices.

Today, markets will focus the fourth-quarter GDP estimate - the broadest measure of aggregate economic activity that covers every sector of the economy. Analysts anticipate growth of roughly 3.1%. That's a decrease from 5% in the third quarter of 2014.

Here's what else you should know about the stock market today - including your "Money Morning Tip of the Day" - to make it a profitable Friday...

Crude Oil Prices and the New Saudi King

crude oil prices

Crude oil prices continue to drop in the wake of Saudi Arabia's shift in leadership. U.S. policymakers will have a tougher time with new King Salman than they've had in some time.

The new leader and his Oil Minister are the architects behind the current Saudi policy, of which there are three main targets.

Oil Price Today Hits $45.21 After API Report

oil price today

The oil price today (Wednesday) continued its seven-month fall after Tuesday's supply report.

As trading opened Wednesday, WTI oil fell right above $45 while Brent oil dropped to about $49.

Here's what you need to know about the oil price today...

The Last Time U.S. Gas Prices Were This Low…

gas prices

Gas prices across the nation are on track to sink below $2 a gallon by the end of January for the first time since March 25, 2009.

Twenty-five states and more than 50% of U.S. gas stations averaged sub-$2 a gallon gas prices on Jan. 20 according to AAA. The average U.S. gas price could fall to $1.95 - or even lower - "over the next few weeks."

And so for the first time in almost six years, many American motorists will joyfully watch local gas station prices tick under $2. They'll also save an estimated $750 on average at the pump in 2015 compared to last year, according to GasBuddy.

In fact, the last time gas prices were this low...

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...

Oil Price Today and the Impact of Saudi King's Death

oil price today

The oil price today (Friday) rose slightly after the death of King Abdullah of Saudi Arabia.

Early Friday morning, WTI oil jumped above $46 a barrel while Brent increased to more than $49 a barrel.

Here's what you need to know about Saudi Arabia and the state of oil prices...

SBUX, DWA Big Movers in the Stock Market Today

Stock market today

Stock market today, January 23, 2015: Stock market futures for Friday, Jan. 23, forecasted a 46-point decline from yesterday's close.

The S&P 500 and Dow Jones Industrial Average (DJIA) soared Thursday on news the European Central Bank (ECB) has launched a massive QE bond-purchasing program. The U.S. dollar hit an 11-year high against the euro on the news.

Today, investors will continue to celebrate the stimulus plans of the ECB. They'll watch for earnings reports from a number of high-profile American companies.

Here's what else you should know about the stock market today - including your "Money Morning Tip of the Day" - to make it a profitable Friday...

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