Oil Prices

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...

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...

Stock Futures Today Edging Lower

Stock futures today

Good morning! Stock futures today (Friday, March 27) forecasted a 10-point retreat from yesterday's close. On Thursday, The DJIA managed to bounce back from early triple-digit losses but still closed down 39 points, notching its fourth consecutive drop.

This morning, it's all about fourth-quarter GDP. The U.S. Commerce Department will release its final estimate on GDP for the last quarter of 2014. Economists expect the final level to tick up to 2.4% growth over the quarter.

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...

Oil Prices Rise as Yemen Burns

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

In the wake of the Saudi-led airstrikes, West Texas Intermediate (WTI) jumped over 6% in less than 18 hours. Meanwhile, Brent climbed more than 5%.

Now Iran is warning of bloodshed as the crisis takes a turn for the worse. According to Dr. Kent Moors, this situation has "all the hallmarks of a bloodbath just waiting to happen."

Kent was asked to provide his timely analysis on CNBC's Closing Bell to discuss the impact this massive crisis will have on oil prices.

An Oil Price Forecast for the "New Energy Age"

oil price forecast

The oil price forecast calls for higher crude ahead, but not enough to save the day. The pivotal issue of the cost per barrel has taken a back seat to a more crucial issue at hand.

One that could lead to a more protracted fiscal crisis in the future. Because, while under the "old rules" oil prices could move up to meet budgetary needs.

But that's not the case anymore. Here's what it means for oil prices down the road...

What the "Yellen Effect" Ultimately Means for Oil Prices

oil prices

Janet Yellen triggered a move in oil prices on March 19. West Texas Intermediate (WTI) soared 3.7% and Brent jumped 4.4%.

The talking heads jumped on their chance respond. "Nothing the Fed Chair said indicated a retreat from any pending rate hike!" cried the pundits.

So why all the market exuberance? Here what "Yellen's Effect" really means for oil prices...

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