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Oil Prices

Oil Prices Hit a 2009 High, but are Unlikely to Spike

By , Managing Editor, Money Morning -

Oil prices reached their highest level in a year today (Friday), as the dollar continued to weaken and stocks of gasoline unexpectedly fell. However, most analysts believe crude will avoid a volatile price spike, and either gradually proceed higher or regress in the short term. Light, sweet crude for November delivery hit $78.55 a barrel […]

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Special Report: How the Government is Setting Us Up for a Second Subprime Crisis

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

[Editor's Note: Shah Gilani, a retired hedge fund manager and noted expert on the global credit crisis, predicted this developing FHA debacle in a July 2008 Money Morning essay.] Is the government creating another subprime-mortgage bubble? The first time around, the three-headed federal serpent – the Bush administration, the Treasury Department and the U.S. Federal […]

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Traders Anticipate a Drop in Oil Prices as Supply Outruns Demand

By , Managing Editor, Money Morning -

The number of traders betting that oil prices will drop outnumbers the number of traders who believe they will rise by the largest margin ever. Some analysts believe prices will fall significantly lower in the near future – at least into the low $60 a barrel range – after soaring to $75 a barrel in […]

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Oil Prices Gaining Momentum as OPEC Keeps a Lid on Production

By , Associate Editor, Money Morning -

The Organization of the Petroleum Exporting Countries (OPEC) said yesterday (Thursday) that it would keep production quotas at 24.845 million bpd and urge members to adhere to targets, as global demand has yet to return in full. However, a report from the International Energy Agency (IEA) indicated that demand is recovering more quickly than previously […]

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U.S. Trade Deficit Widens, but Signals a Healthier Economy

By , Managing Editor, Money Morning -

The U.S. trade deficit expanded at its fastest pace in more than ten years in July, accelerated by rising oil prices and increased demand for auto parts and industrial supplies. The gap between imports and exports rose 16% – the largest percentage increase since February 1999 – to $32 billion in July from a revised […]

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The Slow Death of General Motors

By , Global Investing Specialist, Money Morning -

By Martin Hutchinson Contributing Editor Money Morning U.S. President Barack Obama's firing of General Motors Corp. (GM) Chief Executive Officer G. Richard Wagoner Jr. may be the beginning of the final act of a long and sad drama – the slow death of GM. The company nameplate may soldier on in some form, but it […]

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Despite its Decline, Oil Remains a "Must-Have" Profit Play

By , Chief Investment Strategist, Money Map Report -

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Commodities may be down, but they're not out – and they shouldn't be out of your portfolio, either. As the investment director for Money Morning, I'm invited to a large number of speaking engagements each year. It's something I enjoy, and it's quite useful, too, […]

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Why the President's Push for Lower Oil Prices is Nothing But a Pipe Dream

By , Chief Investment Strategist, Money Map Report -

By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report Every president has a defining moment when the American people, and indeed the world, recognize that he's badly out of touch with some aspect of reality. I can't help but think that President George W. Bush ["Dubya"] has just had his moment as I watch […]

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