WTI crude oil prices plunged 8% this week, from $53.20 a barrel on Monday to a low of $49.05 today (March 9).
The shocking fall caught investors by surprise, so we're going to show you why oil is down this week.
But the real story is a battle between American oil and OPEC...
Our oil price predictions for 2017 are for WTI crude oil prices to climb up to $62 a barrel and Brent crude to rise up to $65 a barrel.
But there's a lot that goes into our oil price forecast that can shake up the price of oil in 2017.
Ever since President Trump proposed to make "America energy independent," people have been asking "how much oil does the U.S. have?"
That's an increasingly important question now that OPEC has cut its oil production to drive up oil prices.
Now that oil prices are rising again, let's break down how much oil the U.S. has...
How did the Keane stock price perform after its IPO?
There was high trading volume and the stock price significantly climbed.
Here's everything you need to know about how the Keane stock price performed...
The biggest oil price news this week was OPEC's first compliance meeting on Sunday (Jan. 22) since its production cut began.
While the cartel reported its members were on track to comply with the agreement, WTI crude oil prices have fallen.
Today's oil price news saw WTI crude oil prices rise over 2.7%.
A new report from the EIA and updates on the OPEC agreement are driving oil prices today.
Here's our oil price news for today...
In oil price news today, WTI crude prices are up 1.5% after the Federal Reserve released minutes from its last meeting in December.
WTI crude oil is currently trading at $53.13 a barrel, up nearly a dollar over yesterday's close of $52.33 a barrel.
Here's why oil prices are going up today...
This was an eventful year in the oil markets, and 2017 could be just as volatile. Our 2017 oil price prediction will help you make sense of what's happening next.
While the OPEC agreement helped raise oil prices, there's a lot of uncertainty ahead in 2017.
That's why we've put together a comprehensive oil price prediction to help you know what to expect.
With OPEC's oil deal falling into place, our expert reveals his 2017 oil price forecast.
Here's how much higher oil prices could rise in 2017...
President Obama's permanent drilling ban off the Atlantic and Alaskan coasts is a blow to American drillers, just as oil and gas prices are starting to rise.
President Obama's permanent drilling ban couldn't come at a worse time for American oil and gas companies.
And his decision is unprecedented, too...
The price of oil today (Monday, Dec. 12) surged to a new record high in 2016.
The historic OPEC agreement reached last month led to a spike in the price of oil.
But oil prices today have continued to climb since the agreement. Here's why...
With the details and participants still not finalized, the OPEC oil deal’s future is unclear.
These two factors are the keys to its survival and success...
Oil prices today (Monday, Dec. 5) continue to rise after OPEC officially announced it had reached an agreement to cut oil production last week, sending crude oil prices up 15% since the agreement was announced.
We have a new oil price prediction now that OPEC has agreed to slash production.
OPEC's historic oil deal shocked markets, but the most difficult negotiations are still ahead.
There's only one way to make this accord work...
