LoginMy Member Benefitsarchivesresearchyour teamabout usFAQLog out
×
Share
Access Your Profit Alerts

oil imports

Article Index

China's Yuan Devaluation Creates This Profit Play for U.S. Oil Investors

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

Dow Jones Today

When the People's Bank of China (PBOC) cut the value of the yuan by 2% on Tuesday, it was the biggest one-day drop for the currency in more than 20 years.

Crude oil and stocks sank on Tuesday, as well, with oil scraping six-year lows.

Tuesday's action would have been enough... but then the yuan dived over again on Wednesday, despite PBOC efforts to prop it up, triggering even more turmoil.

This means the U.S. oil sector is in for another painful period, but that pain is going to give rise to some irresistible profit opportunities that we're getting ready for now...

Obama Energy Policy Boosts Natural Gas Stocks

By , Associate Editor, Money Morning -

U.S. President Barack Obama addressed Georgetown University students Wednesday with a speech about U.S. energy policy. Many of his goals were the same as previous U.S. government energy policies: cut foreign oil dependence, promote energy conservation, and explore alternative fuels.

However, it was the president's comments regarding natural gas that had the biggest impact on energy markets.

The natural gas contract for May delivery gained 9 cents, more than 2%, to $4.356 per 1,000 cubic feet on the New York Mercantile Exchange following Obama's speech Wednesday.

Read More…

Today's Markets
DJIA 28.02 (0.10%) 29,325.67
NASDAQ 4.29 (0.05%) 9,361.42
S&P 6.67 (0.20%) 3,323.48