Oil Prices

What Happened at the OPEC Meeting Today?

opec meeting

At today's OPEC meeting, the cartel announced it would maintain its collective output at 30 million barrels a day.

The decision marks the second time since November that OPEC will defy the global supply glut and weak oil prices.

But OPEC has been lying about its production ceiling all along...

Cybersecurity Stocks in Focus in Stock Market News Today

stock market news today

Good morning! In stock market news today, Friday, June 5, U.S. stock futures forecasted a 38-point decline from yesterday's close.

A cyberattack on the data of four million federal employees across nearly every government agency was announced by U.S. officials late Thursday. Additionally, the May jobs report is in focus in today's trading session.

Here are the top stories in stock market news today...

How the OPEC Meeting Is Affecting Oil Prices

opec meeting

The Organization of the Petroleum Exporting Countries will hold its first oil summit of the year in Vienna tomorrow.

The OPEC meeting will be the first since the cartel fired off the first shot in the "price war" last November.

Here's what you should keep an eye on during the summit...

Why the Price of Oil Is Baffling Analysts (but Not Us)

price of oil

It sure has been amusing to watch the instant oil experts trying to shove their "square peg" explanations into the "round hole" price of oil this week.

So why do these analysts keep getting it wrong? Is it because they have vested interest in oil falling for short plays?

Maybe. But there's another force afoot as far as the price of oil is concerned...

Stock Futures Today Decline as Global Bonds Hit 8-Month Low

stocks futures today

Stock futures today (Thursday, June 4) forecast an 83-point increase from Wednesday's close as bonds around the world fall to eight-month lows.

Yesterday the DJIA rose 67 points after investors cheered domestic economic data and the Federal Reserve affirmed the U.S. economy was growing at a "modest to moderate pace" in the second quarter. The Fed said that the economy expanded between April and May in the Beige Book, which surveys respondents on overall economic activity.

Here's everything you need to know about the stock market today...

Crude Oil Prices Today: $60.83 and $65.56

crude oil prices today

Crude oil prices today tumbled in response to fresh supply numbers from the EIA.

The agency reported a 1.9 million barrel decline last week. It fell short of analysts' expectations of 2.4 million barrels.

But investors are focused on an even bigger event on Friday that will dictate oil's movement this year...

Don't Buy a Crude Oil Index ETF, Buy This Energy Stock Instead

oil index etf

Many investors are looking to buy a crude oil index ETF to profit from oil's rise throughout 2015.

WTI oil prices are up 7% this year. And we expect oil prices to continue climbing in 2015.

But many crude oil index ETFs have one major problem right now that many investors aren't aware of...

Canada's New Shale Oil Field Could Rival the Bakken

Shale Oil Field

Canada's energy industry may be most famous for its world-class oil sands resources. But a new shale oil field could surpass the oil sands as Canada's largest untapped oil reserve.

In fact, it could even rival the massive Bakken shale of North Dakota in terms of recoverable oil.

This area lies north of British Columbia and east of the Yukon. It's the Northwest Territories.

Recent data from Canada's National Energy Board (NEB) and the Northwest Territories Geological Survey shows that this area holds as much as 200 billion barrels of shale oil reserves. That compares to U.S. Geological Survey estimates that the Bakken shale formation will yield up to 7.4 billion barrels.

Not all of this Canadian oil is necessarily recoverable. But the Canol and Bluefish shales contain a total approaching 7 billion barrels of economically viable resources.

Here's a look at the vast potential of Canada's Northwest Territories...

Crude Oil ETF Investing Tips

crude oil etf

Thanks to expiring oil rigs and lower supply, oil prices are heading toward $73 by mid-summer.

That means it's time to consider crude oil ETF investing if you want get in on the profits from the price rebound.

Here's everything you need to know about crude oil ETFs...

The Next Iraqi Threat to the Oil Sector… It's Not What You're Expecting

oil sector

If you still doubt that geopolitical heat can rattle the oil sector, then we strongly advise you to carefully watch the events that are about to play out.

Because matters are getting worse: U.S. Secretary of Defense Ashton Carter called out the Iraqi military - during a high-profile TV interview no less - claiming it lacks the will to fight.

In turn, the main Iranian general condemned the U.S. for not acting to halt ISIS' advance soon enough. Here's how all of this will have a huge impact on crude oil stability and global prices...

Make a Killing on the Coming Energy "Debt Bubble"

energy debt

Following some nice recent gains and despite a dip on Tuesday, the market currently remains at just below $60 a barrel for West Texas Intermediate (WTI) crude oil futures in New York.

The recent rise in prices would seem to be just what the smaller operators in the United States need to avoid a sector meltdown.

A few months back, when prices were pushing lows of $40 a barrel, there was widespread talk of a wave of bankruptcies coming in the oil patch. The picture is now better, given a recovery in crude prices.

But there is another shoe about to fall in the ongoing fight by smaller companies to survive...

Why the Crude Oil Price Today Is Down 2.1%

crude oil price today

The crude oil price today (Friday) dropped below $60 in morning trading. The tumble erased most of Thursday’s gains and put oil prices on track for a weekly loss.

But today’s movement is just short-term volatility.

Here’s the biggest reason why prices will be in the $70 range by year’s end…

How Much Oil Does the U.S. Have Compared to Other Countries?

how much oil does the US have

If one number summarizes the global oil market, it’s 93,002,710.

That’s how much oil was produced around the world every day in 2014. But how much oil does the U.S. have compared to the world’s top producers?

This chart shows how much the top 15 oil-producing countries generated in 2014…

Dow Jones Futures Gain 14 Points Ahead of Yellen Speech

Dow Jones futures

Good morning! For Friday, May 22, Dow Jones futures forecasted a 14-point gain ahead of Federal Reserve Chair Janet Yellen's speech at 1 p.m. this afternoon. Although both the Dow Jones and the S&P are hovering near record levels, investors can expect lower volumes today as the Memorial Day holiday approaches and the quarterly earnings season ends.

Here are today's top market news, earnings reports, pre-market movers, and stocks to watch in the stock market today...

LL Stock Plunges 17%, Today's Biggest Pre-Market Mover

LL stock

Good morning! For Thursday, May 21, U.S. stock futures forecasted a 17-point decline from yesterday's close. This morning, U.S. jobless claims remained at a near 15-year low. Claims registered at roughly 274,000, a little higher than economist expectations of 271,000.

Lumber Liquidators stock (NYSE: LL) is today's biggest pre-market mover. Here's why LL stock is crashing, plus all of today's biggest stock market news...

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com