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Why the Price of Oil Today Is Down

The price of oil today (Monday, Oct. 24) is down from its October highs as uncertainty about the OPEC-Russia deal weighs on traders' minds.

Thankfully, our oil price prediction at Money Morning will help investors look toward the future with confidence.

Global Markets

World Stock Markets Firmer On Big U.S. Merger; Heavy Slate Of Earnings This Week

Global equity markets were mostly firmer Monday, ahead of a busy week of U.S. corporate earnings reports.  Two big U.S. companies are merging it was announced over the weekend, as AT&T intends to purchase Time-Warner.

European equities were lifted in part by improving banking sector stocks.

Gold prices are modestly lower in early U.S. trading. Bears still possess the overall near-term technical advantage.


The Strange Tale of the "Phantom Oil" Glut – and Why It's About to Vanish

An emerging discrepancy in oil storage numbers makes the reported oil glut seem vastly overstated.

Here's what's happening - and what it means for oil prices...

Global Markets

World Stock Markets Mixed Overnight; China Economic Data Mostly Upbeat

(Kitco News) – Asian stock markets were mixed overnight, despite some mostly upbeat economic data coming out of China. European stock markets were mostly lower.

U.S. stock indexes are pointed toward narrowly mixed openings when the U.S. day session begins in New York.

Gold prices are trading moderately higher on more short covering and bargain hunting.

Global Markets

World Stock Markets, Gold Higher; U.S. Inflation Data On Deck

Global stock markets were mostly higher Tuesday, ahead of a key U.S. inflation report due out shortly. The U.S. consumer price index for September is forecasted to rise by 0.3%, year-on-year. U.S. stock indexes are pointed toward higher openings when the New York day session begins.

World bond markets stabilized Tuesday after those markets in Asia and Europe were under pressure Monday.


The View from "Kissinger's Bar"

Our oil expert writes from Kissinger's Bar in Paris on the latest in the oil industry, including why OPEC's potential oil deal is far from complete.

Here's everything you need to know ahead of the next OPEC meeting...


What Is the Price of Crude Oil Today?

The one question we keep hearing from readers is "what is the price of crude oil today?"

Keeping prices in check were a strong dollar, oversupply concerns, and worries that next month's meeting of key cartel members won't result in a production cut.

Here are the details...


Why the Saudis Are Playing Games with Their Own Oil Deal

Recent moves in the energy sector appear to be undermining the just-negotiated OPEC oil deal, but appearances can be deceiving.

Our energy expert explains what's really happening, right here...


Why the Price of Crude Oil Is So Volatile Today

After rising 3.1% on Monday to $51.35 a barrel, the highest close since July 2015, the price of crude oil is falling today.

Prices are expected to trade in a tight range until OPEC's meeting in Vienna on Nov. 30.

Here's why the price of crude oil is so volatile today...


Crude Oil Prices Today Climb Over $50, Here's What's Next

Crude oil prices today climbed over $50 a barrel amid fresh hopes for a production cut in November.

Brent crude prices hit their highest level in a year, and WTI prices hit a four-month high.

Here's what's next for oil prices that have been pressured for two years by a global glut...