price of oil

Crude Oil Prices: A Billionaire Insider Just Made a Bold Bet

crude oil prices

A very dramatic development in the oil market took place last week. It involved a well-known insider and a bullish bet on crude oil prices.

Harold Hamm, CEO of Continental Resources (NYSE: CLR), announced that his company - a major producer in U.S. unconventional oil basins - had unwound its hedge positions.

In a single bold move, Hamm had made one of the biggest bets ever on rising oil prices - here's why...

Why Lower Oil Prices Won't Kill the Renewable Energy Boom

oil prices

Whenever oil prices drop, everyone always wonders how it will affect wind and solar power.

It follows from the traditional assumption that renewables like these are only competitive when oil and natural gas prices are high.

After all, the early stages of wind and solar power came with a hefty front-loaded price tag, requiring massive government subsidies to both producers and end users to get off the ground.

Some states even introduced legal measures that required that utilities buy a certain percentage of their energy needs only from renewables.

All of this only added to the wider perception that renewables couldn't truly contend, especially if oil and natural gas prices fell.

But those days are now rapidly coming to an end...

As Crude Oil Prices Fall, These Drillers Benefit – Here's Why

crude oil prices

Thanks to the drop in crude oil prices, some TV pundits are now talking about the end of the "new" oil age. With oil now trading in a band between $80 and $88 a barrel, there's a "new normal" for crude.

But lower oil prices never hit everyone the same. The little-known truth is that, in some cases, lower crude oil prices actually make some companies even more attractive.

Let me explain...

New Energy Profit Plays Will Stem from This Shifting "Balance"

energy profit plays

There's a new wrinkle in the energy markets. It revolves around what I call the "energy balance," and it's changing fast.

Think of it as a rebalancing of what currently exists. As you might have guessed, Asia is already playing a big role.

These fundamental changes are intensifying, handing us new energy profit plays...

Energy Sector Forecast: What to Expect After the Sell-Off

energy sector

With the stock market now roaring back, investors are left to wonder whether the worst is behind us - or if there's more pain yet to come.

While every segment of the market felt the brunt of the sell-off, energy seemed to drop with a vengeance... but it didn't last for long. As the market bottomed out, energy stocks led the recovery, posting big advances.

Here's what the latest market gyrations tell us about the energy sector...

Saudi Move to Cut Oil Prices Is Now Russia's Biggest Economic Threat

oil prices

Saudi Arabia has made headlines by cutting oil prices, not production. That move seems calculated to undercut the effect the United States has on global oil markets, even though that effect is indirect.

But make no mistake: Russia is the country that will suffer the most as oil prices drop.

Thanks to the Saudis, this could get ugly very quickly for Putin…

Why the Saudis Are Cutting Oil Prices

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On Oct. 1, Saudi Aramco, the state-run oil producer of the world's biggest exporter, cut prices for all its exports, reducing prices for Asia to the lowest level since 2008.

By cutting oil prices rather than export volume, Saudi Arabia has signaled it is now ready for a potentially costly price war.

The Best Way to Profit from Crude Oil Prices Right Now

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Making money in the energy sector is no longer pegged to higher crude oil prices. In today's environment, it's more about where a company drills, how it manages its assets and operations, and the broader flow of supply and demand.

It's also about selecting companies that are built to weather the inevitable dips in the price of crude.

And there are plenty of them out there…

Oil Prices Today: Three Key Factors the Pundits Are Missing

oil prices

Several pundits attributed yesterday's spike in oil prices to the recognition that the fight against ISIS in Iraq-Syria will be a long one. As usual, the 30-second TV wonders missed the boat.

Of course, the ongoing chaos in the Middle East is certainly a factor. To the extent that oil traders begin to calculate its impact into their risk models, there will be an effect.

However, when it comes to what actually moves oil prices, these three major price influences are more important…

How Falling Crude Oil Prices Could Trigger an Unpredictable, Dangerous Mess

crude oil prices

The dive in crude oil prices continued Monday as yet another sell-off targeted the energy sector for a particularly big hit.

This too shall pass. But the prospect of a protracted decline in oil prices is beginning to have broader policy implications in dangerous parts of the world, where rising prices have been the norm for most of the last decade.

As this situation develops, it could quickly get downright nasty…

Where Crude Oil Prices Are Headed Next

crude oil prices

To hear some analysts tell it, geopolitics and the weather are exogenous events when it comes to energy prices. That is, somehow crude oil prices would operate "rationally" if it weren't for either of them.

That type of thinking is costly. When investors disregard the weather, the geopolitical, or both, they lose money.

So as we begin the fourth quarter, I’m going to handicap where oil prices are headed next…

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…

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