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  • Featured Story

    Why Oil Is Plunging (and 2 Ways to Profit)

    By , Money Morning -

    Oil prices were already down 50% year to date on Friday. They plunged another 25% yesterday.

    Fears of the coronavirus spreading means that more people are staying home.

    And as fewer people travel, there's less demand for oil - which causes the price to fall.

    One way the leading oil-producing countries fight falling demand is by slowing production.

    If they're able to decrease the supply of oil as much as the demand for it, the price should stabilize.

    That's exactly why OPEC and Russia met last week. They planned to make the biggest oil production cut since 2008.

    Unfortunately, the two sides couldn't come to an agreement.

    Read more here...

Article Index

Why Oil Is Plunging (and 2 Ways to Profit)

By , Money Morning -

Oil prices were already down 50% year to date on Friday. They plunged another 25% yesterday.

Fears of the coronavirus spreading means that more people are staying home.

And as fewer people travel, there's less demand for oil - which causes the price to fall.

One way the leading oil-producing countries fight falling demand is by slowing production.

If they're able to decrease the supply of oil as much as the demand for it, the price should stabilize.

That's exactly why OPEC and Russia met last week. They planned to make the biggest oil production cut since 2008.

Unfortunately, the two sides couldn't come to an agreement.

Read more here...

This MLP Is a "Must Buy" – and It Pays 7%

By , Guest Writer, Money Morning -

The perfect stock is a combination of safety and growth. The MLP we're about to show you today is the perfect example of both.

Safety can be found with a dividend that will be likely paid no matter what the overall market is doing. We also want growth in terms of earnings acceleration that will be used to support and even increase the dividend.

It's a pretty simple formula. But where do we find stocks like that?

The answer is master limited partnerships (MLPs).

Read more here...

Oil Stocks Are Getting a Lift After This Happened for the First Time in 70 Years

By , Associate Editor, Money Morning -

The latest estimate from the EIA is the latest in a string of historic breakthroughs for the

American oil industry. In fact, record-breaking production levels, explosive global demand,

and increasing instability plaguing rival producers are putting the nation on track to

become the world's most important oil producer...

And that's setting our top oil stock to buy for tremendous profits...

The Best MLP to Buy to Ride Oil's Rally in 2019

By , Associate Editor, Money Morning -

With the oil industry's big comeback, it's time to jump in on this MLP.

Since this company stores and transports oil, it's not vulnerable to the volatility of the market.

This means as long as oil is needed, the company will continue to grow and be profitable.

Read more...

The 3 Best Energy Stocks to Buy Before Oil Prices Soar in 2019

By , Behavioral Trading Specialist, Money Morning -

oil

Several factors are fueling a rise in crude oil prices right now. And we're just getting started on an extended crude price rally that will take us through the third quarter of 2019.

The price of WTI crude oil is sitting just below a 2019 high, near $56 per barrel. The same goes for Brent crude, which pushed to the brink of $67 per barrel.

Don't just take our word on it. Three major trends are driving oil prices higher. And that's excellent news for three major oil stocks that have just high our Buy Zone.

These 3 Energy Stocks Are the Best Contrarian Plays in the Market Today

By , Guest Writer, Money Morning -

So far, the market is off to a blazing start in 2019, and we've bounced more than 10% off the December lows.

Is it sustainable?

Your guess is as good as mine. There's still a ton of uncertainty in the markets rights now.

Personally, I much prefer a sure thing when it comes to investing money today. Fortunately, I think I've found one in the form of the energy stocks.

[CHART] Why We're Doubling Down on Crude Oil

By , Money Morning -

Oil Production

It's no secret oil prices have taken a beating over the last two months. WTI crude oil plummeted 24% from $75 a barrel in October to $57 a barrel today.

Normally, a collapse like that would send oil investors into a panic. And sure, a few media personalities are acting hysterical.

It's no secret oil prices have taken a beating over the last two months. WTI crude oil plummeted 24% from $75 a barrel in October to $57 a barrel today. Normally, a collapse like that would send oil investors into a panic. And sure, a few media personalities are acting hysterical.

Buy This Oil Stock to Ride Crude's Historic Rally

By , Associate Editor, Money Morning -

crude oil

On June 28, U.S. benchmark crude closed at its highest price since 2014 as domestic oil supplies fell to their lowest levels of the year. The drop, caused by rising international demand for American crude, has left American oil producers scrambling to catch up - and created a great profit play in oil stocks.

Oil's aggressive jump pushed oil stocks to fresh highs over the last week. This SPDR S&P Oil & Gas Exploration & Production ETF rose a full 3% in just 48 hours on news that crude supplies had declined by 9.9 million barrels.

This was 7.6 million barrels more than the U.S. Energy Information Administration expected...

This Is the Best Oil Stock to Buy for Q2 2018

By , Money Morning -

best oil stock to buy

As oil markets continue to recover from the 2014 oil supply glut, we've identified the best oil stock to buy in order to profit from rising oil prices.

Since hitting a low in February 2016, West Texas Intermediate crude oil (WTI) has risen 133%, recently closing above $70 for the first time since 2014.

Oil's recent spike is the result of several geopolitical developments, including the United States' exit from the Iran nuclear deal and OPEC's announcement that it would attempt to rein in member output...

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