As oil markets continue to recover from the 2014 oil supply glut, we've identified the best oil stock to buy in order to profit from rising oil prices.
Since hitting a low in February 2016, West Texas Intermediate crude oil (WTI) has risen 133%, recently closing above $70 for the first time since 2014.
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Since bottoming at $42.05 per barrel June 19, 2017, West Texas Intermediate (WTI) crude oil has been on a tear.
Earlier this month, WTI crude oil prices raced above $70.00 a barrel for the first time in more than three years.
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This month, President Trump chose not to recertify the United States' participation in the Joint Comprehensive Plan of Action, better known as the Iran Nuclear Deal.
The implications for oil prices are massive…
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On May 9, oil surged 3% to break $71 a barrel, its highest price level since 2014.
A range of geopolitical developments were responsible for the jump – America's exit from the Iran nuclear deal and OPEC's announcement that it would attempt to rein in member output were just a few.
However, these short-term gains are just the beginning.
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U.S. oil production is poised to bypass Saudi Arabia this year, creating a new investment opportunity in American oil companies…
The EIA released a forecast of 9.69 million barrels per day (MMbpd) for U.S. oil producers in 2018, which is an increase of 5.7% over the 9.16 MMbpd average last year.
And that's creating a profit opportunity for investors who know where to look...
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Exxon Mobil Corp. posted its best quarterly earnings since 2015 last week.
This has many investors thinking Exxon stock has room to run higher in 2017.
Here's why we don't recommend XOM - or any other big oil stock for that matter...
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Investing in oil can sometimes seem like a daunting task.
There's plenty of money to be made to be sure, but between futures contracts, upstream, downstream, shale, and tight oil, the options are seemingly endless.
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Crude oil prices have rallied 11% since OPEC agreed to slash oil output in November.
And with prices heading even higher in 2017, people are looking for the best way to invest in oil.
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Investing in oil is going to be hugely profitable in 2017, but don't get tricked into buying some of the most popular stocks on the market.
While they might be the most recognizable names in the oil industry, Big Oil stocks are some of the worst stocks you can own.
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"Permania" is a new term describing the oil boom in the Permian Basin, which spans parts of Texas and New Mexico.
A new discovery of 20 billion barrels of recoverable oil there, combined with a resurgence of American shale oil production, has oil companies flooding the region.
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