Oil prices have been rallying to their highest levels of the year so far.
And we're confident that they can still run higher next year.
By Money Morning Staff Reports, Money Morning -
Oil prices have been rallying to their highest levels of the year so far.
And we're confident that they can still run higher next year.
Here's our newest oil price prediction - and the perfect way to profit from it now...
By Money Morning Staff Reports, Money Morning -
Oil prices have been rallying to their highest levels of the year so far.
And we're confident that they can still run higher next year.
Here's our newest oil price prediction - and the perfect way to profit from it now...
By Money Morning News Team, Money Morning -
Since falling to a low of $42.48 in June, oil prices have surged 23.39% to today's price of $52.43.
And the gains aren't stopping there according to our latest oil price prediction.
Here's why oil prices are rising, including our exact oil price forecast and target...
By Dustin Parrett, Associate Editor, Money Morning -
The oil price news gave traders mixed signals this week, but we're still expecting oil prices to rise 14% by the end of the year...
Traders are vexed by contradictory reports from the EIA and OPEC.
By Dustin Parrett, Associate Editor, Money Morning -
Harold Hamm just called the EIA's 2018 shale oil production prediction a "phantom forecast."
But Hamm is wrong on this one, as the growth in one region of the country is more than enough to meet projections.
By Dustin Parrett, Associate Editor, Money Morning -
Oil prices today (Tuesday, Sept. 19) are trading above $50 a barrel, which puts oil on track for its highest closing price since July.
And we predict oil prices will head even higher before the end of the year, too.
By Dustin Parrett, Associate Editor, Money Morning -
Oil prices dropped 17% since the start of the year, taking oil to a seven-month low.
Crude oil prices are now down 20% since their 2017 high of $54.33, and that means we are at the start of an oil bear market.
By Dustin Parrett, Associate Editor, Money Morning -
Oil prices are down 14% on the year, despite OPEC starting and extending its 1.8-million-barrel oil production cut agreement in 2017.
The oil price drop surprised investors because OPEC reached a deal to cut oil production on Nov. 30, 2016.
By Dustin Parrett, Associate Editor, Money Morning -
Today's oil price news is focused on Qatar's sudden diplomatic isolation in the Middle East, but higher oil prices are still on the way.
Early this morning (June 5), Saudi Arabia, Egypt, Bahrain, Yemen, and the UAE each cut diplomatic and commercial ties with Qatar, a member of OPEC.
By Dustin Parrett, Associate Editor, Money Morning -
Today, we're giving you our bold new oil price prediction now that OPEC renewed its production cut agreement for nine more months, and we're expecting double-digit gains...
By reducing the world's oil supply, OPEC expects oil prices will rise as long as demand stays the same or continues to grow.
By Dustin Parrett, Associate Editor, Money Morning -
WTI crude oil futures fell nearly 2% on the day to hit a 2017 low of $47.34, but that's no cause for panic.
The OPEC oil price deal is working, and it's injecting life back into the American oil industry.
By Dustin Parrett, Associate Editor, Money Morning -
U.S. oil production is up 3% since OPEC struck a deal to cut its oil output on Nov. 30. But some observers doubt U.S. production growth can continue.
They are wrong...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Yes, the crude oil price is in the midst of a massive rebound.
But the gains over the last two months have come from a large volume of bearish bets.
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
Oil prices have been swinging up and down seemingly without reason. This volatility will continue in the short term, but the foundation for long-term price stabilization is being laid behind the scenes.
This will open up plenty of opportunities, so here's what you need to know...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
U.S. crude inventories are sitting at record highs of around 2.05 billion barrels right now.
That's not a surprise. After all, there's a lingering global crude glut.
But what's surprising - at first glance - are U.S. crude imports. They're up by close to 1 million barrels per day. The country took in 8.64 million barrels per day in the week ending March 25, compared to just 7.69 million over the same period a year ago.
Therein lies what appears to be a paradox: Why on Earth would we import more oil when we may be forced to fill swimming pools with it soon?
The answer is very simple, and it becomes clear when you see my oil price targets...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
There's uncertainty brewing over this upcoming OPEC meeting, and it's dragging down crude oil prices today.
In particular, Saudi Arabia is skeptical due to Iran's reluctance to participate in the output freeze.
This is because Saudi Arabia is dealing with a $608 billion problem...