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Crude Oil Price Today Swings Violently on Output Freeze

By , Associate Editor, Money Morning • @AlexMcGuire92 -

oil prices

The crude oil price today whipsawed after four oil leaders reached an agreement to freeze production.

The fluctuation in prices shows investors don't think the freeze will ease the supply glut.

But it won't have an effect on the energy sector's profit potential this year...

Why Crude Oil Prices Bounced 6.4% Today

By , Associate Editor, Money Morning • @AlexMcGuire92 -

opec

Crude oil prices today rebounded from yesterday's 13-year lows following an announcement that OPEC is considering an output cut.

But there's one non-OPEC country that will have a huge influence on whether or not the cartel actually lowers output.

Here's what you need to know about oil prices today...

Oil Prices Are Tightly Correlated to Stocks – But for a Different Reason Than Before

By , Associate Editor, Money Morning • @AlexMcGuire92 -

oil prices

Oil prices and the stock market are in lockstep right now.

The correlation between Brent crude oil prices and the S&P 500 is at its highest level since 1990.

And there's one reason why the two have been moving in tandem with one another lately...

Crude Oil Prices Today Fall 2.5% to Break Two-Day Streak

By , Associate Editor, Money Morning • @AlexMcGuire92 -

oil prices

Crude oil prices today fell in the wake of the deadly East Coast blizzard over the weekend.

But don't let today's decline scare you away from the energy sector's profit potential.

That's because there are five other energy "bright spots" that offer strong investment opportunities in 2016...

Why Is Crude Oil Down to $29.56 Today?

By , Associate Editor, Money Morning • @AlexMcGuire92 -

crude oil

Crude oil prices plummeted below the critical $30 mark today as investors remain concerned over Iran's oil operations.

Today's monster sell-off comes ahead of a report from the IAEA on the state of Iran's nuclear program.

But there's one reason why Iranian oil won't hit the market anytime soon...

Why Oil Is Up Today

By , Associate Editor, Money Morning • @AlexMcGuire92 -

Why oil is up today (Monday, Nov. 23): WTI crude oil prices gained 0.7% this morning following a bullish announcement from Saudi Arabia.

The gains came after Saudi Arabia announced it's ready to cooperate with both OPEC and non-OPEC members to stabilize oil prices.

But Saudi Arabia isn't in the power position it thinks it is...

Oil Prices Today Could See Biggest Weekly Rise Since 2009

By , Associate Editor, Money Morning • @AlexMcGuire92 -

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...

Brent Crude Oil Prices Today Rise After EIA Report

By , Associate Editor, Money Morning • @AlexMcGuire92 -

brent crude oil

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...

WTI Crude Oil Prices Slide on Bearish Goldman Sachs Forecast

By , Associate Editor, Money Morning • @AlexMcGuire92 -

oil

WTI crude oil prices slumped today after the release of a new Goldman Sachs Group Inc. (NYSE: GS) price forecast.

The Wall Street bank cut its 2016 estimate for WTI prices, citing OPEC production and slow demand.

Here's what you need to know about today's oil price movements...

Why Are Gas Prices So Low?

By , Staff Writer, Money Morning -

oil

Why are gas prices so low right now?

The average price of regular unleaded is hovering around $2.40 a gallon - almost a dollar less compared to a year ago.

Here's a look at what's responsible for the lower prices we're seeing at the pump these days...

WTI Crude Oil Prices Today Fall on Weak Chinese Trade Data

By , Associate Editor, Money Morning • @AlexMcGuire92 -

oil

WTI crude oil prices today fell deeper into negative territory following a weak trading report in China.

China's imports and exports fell significantly in August, marking the second consecutive monthly decline.

Here's a recap of today's movements in the oil market...

Crude Oil Prices Today Crater on EIA Supply Report

By , Associate Editor, Money Morning • @AlexMcGuire92 -

crude oil prices

Crude oil prices today fell below $44 a barrel in response to a new weekly inventory report from the EIA.

Despite the oversupplied oil market, there are still plenty of ways to profit from the energy sector.

All you need to do is follow these three strategies for picking the best oil stocks...

WTI Crude Oil Prices Close at Highest Level Since July 21

By , Associate Editor, Money Morning • @AlexMcGuire92 -

wti crude oil prices

WTI crude oil prices skyrocketed today amid EIA's bullish supply report and OPEC's worries over low oil prices.

The U.S. benchmark settled at its highest level since July 21.

Here's a detailed recap of how the EIA and OPEC moved oil prices today...

Brent Crude Oil Price Soars Today on Stock Market Rebound

By , Associate Editor, Money Morning • @AlexMcGuire92 -

oil

The Brent crude oil price surged today as stock markets rallied for the second consecutive trading session.

The Dow Jones, S&P 500, and Shanghai Index saw huge gains following yesterday's historic rebound.

Here's what you need to know about today's oil price movements...

Will Brent Crude Oil Prices Rebound from the "Black Monday" Crash?

By , Associate Editor, Money Morning • @AlexMcGuire92 -

brent crude oil

Brent crude oil prices slid into a free fall this morning and hit their lowest level in more than six years.

The plunge came on historic declines in U.S. and Chinese stock markets as "Black Monday" ravages the financial world.

Here's what you need to know about Black Monday's effect on oil prices...

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