Crude oil futures surprisingly surged higher today after Iranian negotiations finally culminated in a landmark nuclear deal.
The deal allows Iran to start exporting more oil, which analysts worry will flood the already oversupplied market.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Crude oil futures surprisingly surged higher today after Iranian negotiations finally culminated in a landmark nuclear deal.
The deal allows Iran to start exporting more oil, which analysts worry will flood the already oversupplied market.
But there's one fundamental reason why prices won't dip lower...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Crude oil futures surprisingly surged higher today after Iranian negotiations finally culminated in a landmark nuclear deal.
The deal allows Iran to start exporting more oil, which analysts worry will flood the already oversupplied market.
But there's one fundamental reason why prices won't dip lower...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
Big-name oil stocks have taken a beating since June.
ExxonMobil Corp. (NYSE: XOM) is down 12.6% in the last seven months. Other oil giants like Chevron Corp. (NYSE: CVX) and ConocoPhillips (NYSE: COP) are down 18% and 22.8% in the same time.
But according to Money Morning's Chief Investment Strategist Keith Fitz-Gerald, the fall won't last forever.
And these stocks will be the biggest winners when oil prices start rebounding...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
If you're looking for explanation as to why oil prices are so low, look no further.
Certainly low oil prices have to do with supply and demand. Yet, there's one thing pushing the price down that has nothing to do with the oil itself.
The truth is there has been a concerted shorting strategy underway...
By Kerri Shannon, Associate Editor, Money Morning -