Oil Prices

How Analysts Are Wrong About Crude Oil Prices – Again

crude oil prices

Despite a 20% jump in crude oil prices, some pundits continue to predict more pain.

In fact, just yesterday, Citigroup analyst Ed Morse came out with his most bearish forecast yet.

According to Morse, oil prices could fall another 60% to $20 a barrel. As for the recent rebound, Morse thinks it looks more like a "head-fake" than a sustainable turning point.

There's just one problem with all of this bearish analysis. And it's a big one...

The Stock Poised to Surge from Cheap Oil and a Strong Dollar

how to profit from cheap oil

Massive new oil supply has led Saudi Arabia to compete for market share by dramatically cutting prices. The impact of this cheap oil in North America is mixed. But certain regions are clear beneficiaries, such as those surrounding auto-reliant Detroit.

Just across the roughly 1.5 mile expanse of the Ambassador Bridge from Detroit is Windsor, Canada. Its fortunes are tightly interwoven with those of the Motor City. One Canadian firm with operations in Windsor is sure to benefit from the glut of cheap oil.

That 1.5 miles might be just far enough to create an excellent profit play away from more dubious Detroit picks...

The Saudis Are Losing Their Leverage over Oil Prices

oil prices

In an oil market version of a game of chicken, Saudi policymakers are trying to make U.S. producers blink first. And it's starting to work.

U.S. rigs are being brought offshore and drilling projects are being shelved. This will have an impact on the supply side in short order. By this summer, oil prices may be back to a range of $65 to $70 a barrel.

But in waging this doomed oil price war and pushing home its point, the Saudis have made a fatal mistake...

Stock Market Today Will Move on This Good-but-Bad Jobs News

Stock market today

Stock market today, February 6, 2015: U.S. stock futures for Friday, Feb. 6, showed a 7-point increase from yesterday's close. The Dow Jones added 212 points Thursday on rising oil prices and news that Pfizer Inc. (NYSE: PFE) will purchase Hospira Inc. (NYSE: HSP) for $17 billion, or $90 per share.

This morning, investors will look past gloomy European economic data and focus on earnings reports and the U.S. jobs report.

The good news: at 8:30 a.m., the Bureau of Labor Statistics announced the U.S. created approximately 257,000 jobs, handily topping consensus expectations of 234,000. The bad news: the unemployment rate in January unexpectedly climbed from 5.6% to 5.7%.

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...

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...

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