Oil Prices

Price of Oil Edges Higher – Here’s What to Look for by End of 2014

Oil

The price of oil has climbed slightly this week with West Texas Intermediate (WTI) hitting an intra-week high of $95.17 for October delivery today (Friday).

Despite this week's price hike, WTI prices are still well below the three-year high of $105 a barrel they hit in June.

But even though prices have dropped the last two months doesn’t mean we’re out of the woods. The price of oil could still soar in a hurry…

The One "Great Danger" That Could Send Crude Oil Prices Much Higher

Crude oil prices

Over the past several months, ISIS forces in Iraq have been selling oil from captured refineries on the black market in order to fund their terrorist activities and wreak havoc on the region.

Despite the crisis in Iraq, crude oil prices are down this month near $93 per barrel.

But Money Morning's Global Energy Strategist Dr. Kent Moors says a "great danger" in the region could send crude oil prices much higher.

Watch this video for the details...

Read More…

How Crude Oil Prices Are Driven by the "Uncertainty Factor"

crude oil prices

Despite current geopolitical tension, crude oil prices have remained steady.

This dynamic tells us two things. First, traders are discounting the impact of geopolitical tensions in Ukraine, Gaza, and Iraq on overall availability. Second, other hotspots are having an immediate knock-on effect when it comes to crude supply.

Although the daily news does not seem to be adversely impacting the price of oil, we're not out of the woods yet. Here's why...

Why Crude Oil Prices Will Rise

Crude Oil Prices

Crude oil prices are down this week as WTI trades near $97 per barrel today (Wednesday), after hitting a high of $106.64 in late June.

Prices spiked in June as ISIS militants swept across large portions of Iraq and took control of many northern oil fields. However, the crisis has not impacted the southern oil fields where Iraq's exports are located. And that's the reason many analysts see oil prices falling.

But according to Dr. Kent Moors, that isn't the whole story...

Read More…

WTI Oil Prices Down This Week, But Headed Much Higher Long-Term

WTI oil price

WTI oil prices were down this morning (Wednesday) to a low of $97.06 for September contracts, after the Energy Information Administration (EIA) reduced its 2014 price forecast yesterday.

Citing increased oil production in the United States, the EIA dropped its 2014 forecast for WTI oil prices to $100.45 per barrel. In July, the EIA had projected a price of $100.98 per barrel.

But according to Money Morning's Global Energy Strategist Dr. Kent Moors, oil prices will be heading much higher in the long-term.

Even if the short-term outlook on oil prices remains favorable…

Crude Oil Prices Are Headed Higher Thanks to These Two Global Events

crude oil prices

Two events this week indicate the situation in two global hotspots is getting worse, and both will have a significant impact on crude oil prices.

First, the Islamic State, the terrorist group formerly known as the Islamic State of Iraq and the Levant, attacked the Mosul Dam. Second, the mayor of Kiev in Ukraine turned off the hot water.

Neither is a good sign, and each promises to shake up oil prices…

Crude Oil Is the New Gold Standard

crude oil

Today I want to tell you a story about the steak bandit. Just stay with me here. This is a story about energy - especially crude oil.

Last Saturday at the grocery store, a fellow shoved some steaks down his pants and made a dash for it. Aside from a possible commentary on the plight of some people in the current economy, the episode with the "steak bandit" brought back a memory, along with a broader implication for the energy sector.

Here's the memory and how it relates to energy...

Crude Oil Prices Down Today, but Will Stay Inflated on International Tensions

crude oil prices

WTI crude oil prices for September delivery were down $1 today (Tuesday) to $100.67 per barrel, while Brent crude dropped $0.17 to $107.39 per barrel, despite the fact that geopolitical tensions in the Middle East and Russia remain.

Oil prices hit two-week highs last week as tensions in the Ukraine and the Middle East intensified.

While WTI crude oil prices are down from their 52-week high $106.64 from June (as the Iraq crisis escalated) the humanitarian and political crises taking place throughout the Middle East and Russia will continue to have an impact on oil prices moving forward…

Geopolitical Tensions Will Keep Driving Crude Oil Prices

crude oil prices

A bevy of geopolitical issues sent WTI (West Texas Intermediate) crude oil prices higher late Thursday, with prices peaking at $103.94 per barrel for August delivery just before 7:00 p.m. Today, crude oil prices have settled back down below $103 per barrel this morning.

Crude oil prices may be back down today, but they're still up nearly 15% from their $89.74 low in January.

According to Money Morning’s Global Energy Strategist Dr. Kent Moors, here’s where they’re headed now…

Commodities Prices 2014: The Halftime Report

commodities prices

After a disappointing 2013, commodities prices came roaring back, with returns for the first half of 2014 outperforming the S&P 500 by more than 4% and 10-year Treasury bonds by more than 6%.

With money flowing back into commodities, the market is finally trying to reverse the downtrend that we've been up against since 2011.

Now let’s take a look at how individual commodities – including gold, oil, and more – have fared during the first half of 2014...

What Thomas Piketty's Best Seller Has to Do with Investing in Energy

No one would have ever thought that a 700-page book on economics like Thomas Piketty's Capital in the Twenty-First Century would hit the best-seller lists and become a lightning rod for political controversy.

What does Piketty's Capital in the Twenty-First Century have to do with making money in energy? A lot more than you might think.

You can't make big money investing in energy without understanding how it works...

Are We Running Out of Oil?

Empty fuel

For many years, industry experts have been sounding the alarm that America, and the world, are about to run out of oil.

Every expert who's predicted "the end of oil" has been wrong in the past. But with global energy consumption at an all-time high, and much of the world's economy dependent on oil, the question is: Are we running out of oil?

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

Profit from High Crude Oil Prices with These Secure, Under-the-Radar Stocks

Kent Moors

WTI crude oil prices for delivery in August were down slightly yesterday (Tuesday) to $103.43 a barrel, which was a $0.10 drop from Monday. And while crude oil prices are down from 52-week highs, they're still at inflated levels because of the crisis in Iraq.

But that doesn’t mean investors can’t profit. Money Morning’s Dr. Kent Moors has found oil stocks to buy now that are profiting from foreign turmoil.

In fact, the longer prices stay high, the better they will do…