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Oil Prices

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WTI Crude Oil Prices Today Surge 6% After Fed Interest Rate Decision

oil

WTI crude oil prices surged today after the U.S. Federal Reserve decided to keep interest rates unchanged.

Despite today's gains, oil prices still have a long way to go as companies continue to drown in debt.

But there's a certain type of company you can profit from during this low price environment...

WTI Crude Oil Prices Today Continue Two-Week Losing Streak

wti crude oil prices

WTI crude oil prices today headed 0.6% lower as the international benchmark falls deeper into a two-week slump.

The decline in oil prices today comes before the start of the U.S. Federal Reserve meeting.

But there's a bigger geopolitical event that could have long-term effects on oil's movement...

5 Surprising Ways Oil Prices Affect Our Everyday Lives

oil prices

The effects of oil prices are more far-reaching than most people realize.

That's because petroleum permeates nearly every corner of our economy.

For example, just recently it was revealed that low oil prices were going to hurt elderly Americans in particular. Last week, the federal government announced it will not increase the cost of living adjustment (COLA) for fiscal 2016 due to low gas prices.

Here are four other less-considered ways the price of oil impacts our lives...

Why WTI Crude Oil Prices Are Down Today

WTI crude oil graph

WTI crude oil prices fell for the second straight day ahead of tomorrow's OPEC meeting and today's expiration for November futures contracts.

But there's a much larger producer prepping for an OPEC meeting soon.

Here's everything you need to know about where prices are headed this year...

WTI Crude Oil Prices Today Down as U.S. Supply Hits 80-Year High

wti crude oil prices today

WTI crude oil prices today fell lower following bearish supply data from the U.S. Energy Information Administration.

Yesterday, the agency reported U.S. oil inventories grew by 7.6 million barrels last week.

But there's one event at the end of October that could reduce output and boost prices into 2016...

Your Social Security Benefits Are About to Suffer from Low Oil Prices

social security benefits

For the third time in five years, there will be no Social Security benefits increase for the next fiscal year. And there's a reason for this stagnation...

Oil prices.

Here's how the cost of gas is going to make affordable living for American retirees difficult in the months ahead...

The New Cold War Battlefield… and How It Will Affect Oil Prices

oil prices

What is transpiring in geopolitics prompts me to recall the depths of the Cold War.

Back then, the two superpowers - the United States and Russia - contested for leverage wherever they could. But the primary battlefield was Africa.

Well, déjà vu is now kicking in.

Here's where the new Cold War is being played out... and how it's going to influence the energy markets, especially oil prices...

Here’s a Chart That Explains the Goldman Sachs Financial Crisis “Waves”

Goldman Sachs financial crisis

This Goldman Sachs financial crisis "third wave" is upon us. But what exactly were the first two waves, and aren't we through the financial crisis yet?

Here's everything you need to know about each of the waves - and what's coming as the U.S. enters into a third phase of financial crisis...

How the OPEC and Russia Meeting Will Affect Oil Prices

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On Oct. 3, OPEC and Russia agreed to sit down to discuss crashing oil prices.

According to Money Morning Global Energy Strategist Dr. Kent Moors, this is an important development for the energy industry.

That's because OPEC and Russia haven't played nice recently...

Oil Prices Today Could See Biggest Weekly Rise Since 2009

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Oil prices today (Friday) moved higher on yesterday's FOMC minutes and the ongoing Syrian conflict.

Today's rise puts prices on track for the biggest weekly gain in more than six years.

Here's everything you need to know about where prices are moving today...

What OPEC's New Romance with Russia Means for Oil Prices

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Low oil prices have brought OPEC and Russia to the brink of partnership, but don't expect this new closeness to radically raise oil prices. Here's what the real impact will be.

OPEC's decision to protect market share over price has even hit American producers, with their huge, expensive-to-extract new reserves of shale and tight oil.

This is an important development. It means that for the first time in nearly 11 months, geopolitics is likely to give support to higher crude - meaning oil prices get a new push.

Brent Crude Oil Prices Today Rise After EIA Report

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Brent crude oil prices today increased for the fourth consecutive session despite the EIA's bearish supply report.

The agency reported oil supplies increased by 3.1 million barrels last week. The news could worry traders who think supply will keep building up.

But there are three ways to play oil prices no matter where they move...

Where the Next Oil Sector Profits Will Be Made (It's Not What You Think)

oil well

We now have another indication that the oil pricing environment is causing a constriction in forward project commitments: Two more oil majors recently announced that they will cut capital spending.

These two announcements are the tip of a much bigger iceberg. The curtailment of future project commitments is just one of the results of low prices.

Here's the other major effect, how it will shake up the oil sector, and how one group of companies will come out on top...

WTI Crude Oil Prices Today Close at Two-Week High

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WTI crude oil prices today settled at their highest level in two weeks.

The boost in prices came after Friday's rig count from Baker Hughes and a statement from the World Bank.

Here's everything you need to know about why oil prices surged higher...

Will Hurricane Joaquin Affect WTI Crude Oil Prices?

will hurricane joaquin affect wti crude oil prices

Hurricane Joaquin, the Category 4 storm currently battering the Bahamas with torrential rain and 130 mph winds, is set to hit the United States this weekend.

The storm has energy investors wondering: Will Hurricane Joaquin affect WTI crude oil prices?

Here's everything you need to know about the storm before it hits the east coast this weekend...