Why crude oil prices today are rising, 3/26/2015: Crude oil futures kept moving higher this morning in response to escalating violence in the Middle East.
Both WTI and Brent prices were up today after Saudi Arabia launched airstrikes across Yemen.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Why crude oil prices today are rising, 3/26/2015: Crude oil futures kept moving higher this morning in response to escalating violence in the Middle East.
Both WTI and Brent prices were up today after Saudi Arabia launched airstrikes across Yemen.
Here's why the conflict is causing oil to surge today...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
How much is a barrel of oil, 3/19/2015: Oil futures fell back today after swinging sharply higher yesterday in response to the Fed's interest rates announcement.
But there's one fundamental force that will move prices toward $70 a barrel in 2015.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
What is the price of oil today: Oil prices hovered around their lowest levels in six years today (Monday) as investors disregarded OPEC's forecast that U.S. output will halve by the end of 2015.
By Money Morning Member Alert, Money Morning -
WTI futures tanked last week, with the oil benchmark hovering around $45.50 for April delivery on Friday. But Kent Moors has identified important profit opportunities amidst the carnage - and will share them with you.
Kent has now filed three field reports...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The price of WTI crude oil fell below $48 a barrel today (Wednesday) after the Energy Information Administration (EIA) released its weekly supply report.
But there's one consequence of lower oil prices that will inevitably move them up.
Here's everything you need to know about today's drop and the future of oil prices...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Current crude oil prices remain below $52 a barrel. Today's slight drop comes at the end of a week that has seen a 3.8% drop so far.
But despite recent pullbacks, WTI and Brent are up 6% and 19% in the last month.
Here's where prices are headed to next - and how they'll get there...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The current price of oil per barrel rallied hard today (Friday) at the end of an extremely volatile week.
Oil prices have been U-shaped this week, hitting highs of $54 midday Monday and lows of $48 midday Wednesday before soaring back up today.
But analysts keep calling for lower prices.
Here's what they're failing to understand…
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Oil prices today (Tuesday) fell below $50 for the first time in three trading sessions.
The decline came after the International Energy Agency (IEA) warned oil prices may stay down as stockpiles increase.
Here's what you need to know about today's decline and what the experts think about it...
By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke -
The price of oil is still on the rise today (Tuesday). As of 12:35 p.m. GMT (7:35 a.m. EST) today, Brent traded at $56.38 a barrel, a nearly 3% gain from its previous value.
That puts Brent oil up 14% since last Friday (Jan. 30). And on that day, Brent surged 8% - its biggest one-day gain since 2009.
WTI crude traded this morning at $50.88, up roughly 2.6% since Monday night.
Oil prices are surging for one reason, and this picture says it all...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The reason why oil prices are up today comes from the largest union strike in the last 35 years.
The surge occurred after 3,800 United Steelworkers union members walked off nine refineries on Sunday. USW said it "had no choice" after failing to agree on new contracts.
Here's everything you need to know about oil prices today...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The oil price today (Wednesday) continued its seven-month fall after Tuesday's supply report.
As trading opened Wednesday, WTI oil fell right above $45 while Brent oil dropped to about $49.
Here's what you need to know about the oil price today...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The oil price today (Friday) rose slightly after the death of King Abdullah of Saudi Arabia.
Early Friday morning, WTI oil jumped above $46 a barrel while Brent increased to more than $49 a barrel.
Here's what you need to know about Saudi Arabia and the state of oil prices...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The crude oil price drop today (Tuesday) fell to its lowest in five years. Both WTI and Brent oil are down 59% since June 2014.
If this trend continues, oil will be the lowest in a decade.
Here's where prices are headed now...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Oil prices today (Wednesday) edged up slightly after dipping to their lowest levels since April 2009 on Tuesday.
Early Wednesday, WTI oil prices dropped below $47 a barrel, their lowest level in more than five years. But at 9:45 EST, the U.S. benchmark rose to $48 for February delivery.
Here's why crude oil prices were on the rise this morning and where they are headed now...