Anticipation of next month's OPEC meeting has been building, and it's showing in the recent oil price rally.
News of the meeting has put oil prices on track for their best month in almost a year.
But one country is refusing to attend, and it has investors worried that prices will fall again...
Fed Chair Janet Yellen's seemingly harmless interest rate decision is sending the U.S. crude oil price soaring.
Crude oil prices always shoot higher when the Federal Reserve leaves rates unchanged.
But there are two other fundamental factors that will lift oil prices over the long term...
Oil prices have gone through one of the worst oil crashes in modern history.
But we believe oil prices will more than double their current value by 2017.
Watch this video to find out what's going to fuel this historic rebound in oil prices...
We've been able to make energy profits during the oil bear because I'm tracking opportunities outside of petroleum. One of my favorite alternative "oil-killer" energy plays, for instance, is up 45% since I recommended it. The global energy balance is simply shifting to favor these alternative energy sources.
But oil is still vitally important, and I'm pleased to report that it's going to be a bigger source of profits moving forward...
You see, towards the end of February, we saw signs that oil is about to turn the corner, with oil prices shooting up 8.5% in a single week.
While they later fell a bit, showing that volatility is still the name of the game, make no mistake...
A sustained rise in oil prices is coming.
To prepare for this trend, I've put together a plan for us to profit.
I'm tracking several companies across four different categories, but this one strategy will get you perfectly positioned to capture the biggest possible profits from the coming end of oil's decline.
In a moment, you'll see exactly how this plan will work.
But first, here's what's changed to allow for this turnaround in oil prices...
Oil prices are down 46.6% over the last year thanks to the global supply glut.
But Money Morning Global Energy Strategist Dr. Kent Moors says prices will stabilize in 2016.
And this chart displays one trend that will make that happen this year...
Oil stocks appear unattractive right now due to the continuing price decline and constant barrage of bearish news.
But you can still profit by avoiding one type of oil stock in favor of a more obscure type.
Here are the ones you should stay away from this year...
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...
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...
The price of crude oil fell to $26.50 today as investors remained focused on the larger global supply glut.
But the price of crude oil is much higher than what you’ve been told.
Investing in oil stocks is misconstrued as an easy way to lose money right now.
But you can still profit from the oil sector's volatility - if you know where to look.
Here are the oil stocks you should avoid - and the ones you should invest in this year...
Oil prices tumbled below the $30 mark today after a bearish IEA report sent investors running for the hills.
But there's one crucial reason why crude oil is staging a rebound.
BP Plc. (NYSE ADR: BP) reported its worst loss ever on Tuesday, Feb. 2.
Although the BP stock price crashed 8.5% on the day of the earnings release, now isn't the time to sell your position.
In fact, there's one big reason to hold onto your shares of BP stock this year...
The drop in oil prices over the last year has lost oil companies billions of dollars.
But there's one company banking huge profits from oil's free fall.
In fact, it just posted a 14% increase in revenue thanks to the volatile commodity.
The price of crude oil struggled to stay above the $30 mark today as Big Oil firms report weak earnings and hopes of a production cut from OPEC fade.
But there are five reasons why investors shouldn’t avoid the energy sector in 2016.
First, here's what you need to know about oil's movement today...
The Russian financial situation is heading south again - and fast.
Crude oil prices of less than $30 a barrel are bad enough, but Russia can't even fetch that. The country's "sour" high-sulfur export blend, Urals Export Blend Crude (UEBC), is trading at $26 a barrel - or less. Natural gas is faring even worse.
The fact is, Russia is dependent on oil and natural gas exports to buoy its unwieldy central budget. So the world's largest country is in trouble, and serious trouble if it can't find a way out.
There is a way out, though there's only one option, and it's far from certain whether Putin can make it happen.
What is certain is that there's a juicy profit opportunity for us. Let me show you...
