Oil Price Prediction 2016: It only took 20 months, but crude oil prices finally bottomed out.
WTI crude oil prices are up 54% from their February low of $26.21.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Oil Price Prediction 2016: It only took 20 months, but crude oil prices finally bottomed out.
WTI crude oil prices are up 54% from their February low of $26.21.
And our new forecast shows how you can profit from their continuing rally in 2016...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Oil Price Prediction 2016: It only took 20 months, but crude oil prices finally bottomed out.
WTI crude oil prices are up 54% from their February low of $26.21.
And our new forecast shows how you can profit from their continuing rally in 2016...
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 -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Despite today's losses, the WTI crude oil price is on track for its biggest monthly gain since April 2015.
With crude oil prices finally seeing growth, now is the best time to invest in this oil stock.
But before we discuss this pick, here's the main reason why prices are having a record month...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The WTI crude oil price rallied higher today as investors remain hopeful ahead of next month's output freeze meeting.
But one OPEC country refuses to take part in next month's summit.
And according to Moors, this country now singlehandedly controls the future of oil prices...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
Iran is OPEC's black sheep, and the WTI crude oil price isn't responding well to its revolt.
Prices fell after Iran stated it wouldn't join the effort to freeze production and raise prices.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
After one of the most volatile starts to a year ever, the WTI crude oil price seems to have finally stabilized.
Oil prices today were bolstered by statements from the UAE energy minister and the declining U.S. rig count.
And there are three ways to profit from oil's long-term rebound in 2016...
By Dr. Kent Moors, Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
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...
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The biggest question on every investor's mind right now is, "Will oil prices rise in 2016?"
That's because oil prices are having their biggest impact on the broader market in nearly three decades.
This chart shows the distinct correlation between oil and the S&P 500 right now...
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...