by Daniel Smoot
Saudi Arabia just experienced the biggest oil disruption on record.
In fact, an attack on its biggest facility has cut its production by 5.7 million barrels a day.
Here’s how it’ll impact the price of oil...
by Tom Gentile
On July 10, everyone's eyes and ears were on one thing – the Fed. And there's a good reason why.
You see, after the U.S.-China trade war heated up last May, the market fell further than it had all year. And the Fed was the only thing that was able to pull it back up.
Yesterday, Fed Chairman Jerome Powell delivered his long-awaited testimony before the House Financial Services Committee.
And the market was listening for one very important catalyst…
Rate cuts.
A potential conflict between Iran and the United States is brewing, and the world’s fifth- largest oil producer could see its oil exports crushed.
And Iran sanctions could send oil prices rising in a hurry. We’ll show you exactly what to expect, including how you can make money off of the price action.
Oil prices spiked after the recent Gulf of Oman oil tanker attacks, but then prices have drifted lower ever since.
That means investors think this was an isolated incident. It wasn’t.
While there are always stories about traders lucking into a winning stock on a hot tip, most of the time making money requires thoughtful work.
And like any tradesman, a good set of tools is invaluable in getting that job done.
That's why we're going to show you the four tools every trader needs...
by Tom Gentile
Turn on CNBC, Fox Business Network, or any other financial news channel before the markets open, and you'll get a slew of people predicting what the markets will do that day.
But they'll never tell you how or why they said what they do.
That's why today, our Tom Gentile's going to give you a set of "secret weapons" the cable crowd can only dream of.
The price of commodities and the stocks that rely on them don’t always sync up.
For example, when gold is strong, gold stocks tend to be strong, as well.
But there’s money to be made when the prices diverge, like the 100% gainer we’ll show you today.
Crude oil has gotten a lot of headlines over the past few weeks, sparking big moves in the oil market.
WTI crude oil prices surged over 45% higher this year, before dipping 5% over the last month.
Money Morning Global Energy Strategist Dr. Kent Moors recently shared his 2019 crude oil price prediction with his readers.
While his paid-up subscribers got to see it months ago, it’s too important to ignore.
Here’s a complimentary look at exactly where Dr. Moors sees oil prices heading in 2019…
The final quarter of 2018 has certainly been "historic." Then again, so was RMS Titanic's last night above water.
Both primary crude benchmarks posted highs on Oct. 3, but through close of trade on Dec. 27, they've been in marked retreat. West Texas Intermediate (WTI), the standard for futures contracts set in New York, has lost 41.6%, while Brent, the more widely used global yardstick set daily in London, has shed 39.8%.
Those figures even include a major single-session advance of 8% recorded on Dec. 26.
Of course, oil has been moving in tandem with a collapsing broader stock market. Weakness and volatility have been boosted by (largely misplaced) angst involving a credit inversion, where shorter-term maturities begin offering higher yields than paper further down on the curve.
A yield inversion is sometimes regarded as a precursor to a recession, although I also regard this fear as quite overblown.
Why? It's simple: The market has had more inversions not leading to recessions than it has had those resulting in one. Besides, in the unlikely event a recession hits this time around, it usually takes at least 18 months for any tangible indicators to form. Prior to that, it's all idle speculation, guesswork, and worry.
And as if to put a point on it, that worrisome inversion has quietly corrected over the past few weeks.
At the end of each year, there is a combination of loss-taking for tax purposes, institutional investors balancing and re-balancing portfolios, and lowered liquidity.
This is nothing new. This year, however, all three factors have collided in a profoundly uncertain environment fueled by a government shutdown, geopolitical tensions, concerns over U.S. foreign policy consistency, a U.S.-Chinese trade war, and highly suspicious computer-buying programs.
So it's easy to see why crude prices seem stuck in the basement – stock prices, too, for that matter.
