WTI crude oil prices sank below $28.20 a barrel today - making the oil in the barrel cheaper than the barrel holding it.
That's just one of many surprising items more expensive than the price of oil today.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
WTI crude oil prices sank below $28.20 a barrel today - making the oil in the barrel cheaper than the barrel holding it.
That's just one of many surprising items more expensive than the price of oil today.
Here's a non-comprehensive list of items selling at a premium to a barrel of oil right now...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
With oil prices currently at 12-year lows, it's tough to find good companies to invest in.
But the best oil stocks to buy right now come from one special subsector of the energy industry.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Thanks to the crash in oil prices this year, many investors think there are no best oil stocks to buy in 2016.
That gives us the perfect opportunity to buy cheap oil stocks before their inevitable rally.
The best way to profit is by targeting companies specializing in this type of drilling...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The most valuable - and secretive - company in the world is considering going public.
According to The Economist, a Saudi Aramco IPO is being considered by the Saudi Arabian government.
And there's one important reason why Saudi Arabia is racing to launch the IPO in 2016...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Current crude oil prices fell today thanks to weak data from China's services sector.
But the biggest news affecting oil prices has been escalating tensions between Saudi Arabia and Iran.
In fact, the conflict could lead to chaos that changes the entire Middle Eastern oil market...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The United States might start exporting oil for the first time in 40 years.
The House of Representatives just proposed to lift the U.S. oil export ban as part of a $1.1 trillion spending bill for fiscal 2016.
Here's why this could be a healthy move for the energy market...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
OPEC Meeting 2015: Oil officials from all 12 OPEC countries met at the Vienna headquarters today.
As expected, the meeting concluded in bitterness among members.
But here's why the meeting's outcome won't have a long-term effect on oil prices in 2016...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Energy investors are asking, "Why are oil prices dropping today?"
After all, WTI crude oil prices rallied 2.9% yesterday (Thursday) to settle just above $41 a barrel.
But a big announcement out of today's OPEC meeting could affect oil prices moving into 2016...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
With the 168th OPEC meeting on Friday, many people are wondering why the OPEC meeting matters.
After all, the last summit saw no major outcomes as the cartel decided to keep production unchanged.
But there are two reasons why this meeting could have a big impact on the 2016 oil market...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Thanks to the crash in oil prices this year, some of the best oil stocks to buy currently trade at a discount.
That gives us the perfect opportunity to buy cheap oil stocks before their inevitable rally.
The best way to profit is by targeting companies specializing in this type of drilling...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Why oil is up today (Monday, Nov. 23): WTI crude oil prices gained 0.7% this morning following a bullish announcement from Saudi Arabia.
The gains came after Saudi Arabia announced it's ready to cooperate with both OPEC and non-OPEC members to stabilize oil prices.
But Saudi Arabia isn't in the power position it thinks it is...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
Another Saudi official is trying to downplay the kingdom's expanding deficit - as their problems get worse...
On Saturday, Foreign Minister Adel al-Jubeir maintained that the current situation was manageable. He was speaking at a conference in Manama, the capital of neighboring Bahrain.
The situation, of course, has been sparked by two Saudi-led decisions within OPEC. The first was to defend global market share by keeping production high (a move made last year while Americans were sitting down to their Thanksgiving turkeys). That started a downward slide in global oil prices.
By Money Morning Staff Reports, Money Morning -
The effects of oil prices are more far-reaching than most people realize.
That's because petroleum permeates nearly every corner of our economy.
For example, just recently it was revealed that low oil prices were going to hurt elderly Americans in particular. Last week, the federal government announced it will not increase the cost of living adjustment (COLA) for fiscal 2016 due to low gas prices.
Here are four other less-considered ways the price of oil impacts our lives...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
WTI crude oil prices fell for the second straight day ahead of tomorrow's OPEC meeting and today's expiration for November futures contracts.
But there's a much larger producer prepping for an OPEC meeting soon.
Here's everything you need to know about where prices are headed this year...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
WTI crude oil prices today fell lower following bearish supply data from the U.S. Energy Information Administration.
Yesterday, the agency reported U.S. oil inventories grew by 7.6 million barrels last week.
But there's one event at the end of October that could reduce output and boost prices into 2016...