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Oil Prices Slide on Demand and OPEC Considerations

By Jason Simpkins, Managing Editor, Money Morning - November 13, 2007

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By Jason Simpkins Associate Editor Crude oil prices settled $1.70 or 1.75% lower yesterday (Monday) after retreating more than $2.00 in early morning trading. The decline was driven, in part, by the Organization of Oil Producing Countries (OPEC), which gave several indications it would increase output to help combat soaring energy prices. Analysts also believe […]

Analysts See Oil Breaking $100; Energy Watchdog Sees Costs Much Higher

By Jason Simpkins, Managing Editor, Money Morning - November 8, 2007

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By Jason Simpkins Associate Editor Oil continued its march towards a $100 a barrel yesterday (Wednesday), briefly topping $98 a barrel, before receding. Evidence of tightening supply has caused oil prices to climb 8% in the past two weeks, while a weak dollar, political conflict, and increased demand from emerging markets caused oil to soar […]

GM Misses And Oil Hisses Toward $100

By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report • @kfgtotalwealth - November 7, 2007

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By Keith Fitz-Gerald Contributing Editor In early morning trading yesterday (Wednesday), the market appears to be upset by the twin assaults of a staggering $1.6 billion loss posted by No. 1 U.S. carmaker General Motors Corp. (GM) and crude-oil prices, which are [still] rising toward that psychologically intimidating $100 a barrel price level. Stocks went […]

Oil Prices Hit New Record at $97 a Barrel as the Dollar Weakens and Commodities Continue to Soar

By William Patalon III, Executive Editor, Money Morning • @privatebrief - November 6, 2007

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By William Patalon III Managing Editor A drop in inventories and continued weakness in the U.S. greenback sent crude oil prices rocketing to an all-time high of $97 early today (Tuesday), a jump of more than 3%. In early afternoon trading, crude oil for December delivery was still trading at $96.70 a barrel on the […]

Three Ways to Profit From High Gasoline Prices

By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report • @kfgtotalwealth - November 6, 2007

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By Keith Fitz-Gerald Contributing Editor Most investors assume that higher oil prices are bad for the markets. I disagree. Sure, as consumers, we're all feeling the pinch from spiraling oil-and-gasoline prices. And I don't like feeling mugged when I fill up anymore than you do. But from an investment standpoint, I actually think higher oil […]

Crude Oil Bull Could Bring About a Global Bear

By Jason Simpkins, Managing Editor, Money Morning - November 2, 2007

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By Jason Simpkins Associate Editor Crude oil for December delivery rose to a record $96.24 a barrel on the New York Mercantile Exchange yesterday (Thursday), making it a near-certainty that crude prices will smash through the psychologically important $100 a barrel level even sooner than analysts had feared. In a related story yesterday, oil industry […]

Oil Hits New Record High, Breaking $94 a Barrel

By Jason Simpkins, Managing Editor, Money Morning - November 1, 2007

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By Jason Simpkins Associate Editor Crude oil prices skyrocketed $4.15 on the New York Mercantile Exchange to close at $94.53 a barrel Wednesday. Prices rose as high as $94.74 in intraday trade, surpassing crude's all-time record trading high of $93.80 a barrel, set Monday. In after-hours trading it soared as high as $95.28 a barrel. […]

Soaring Oil Prices Spell Trouble For Emerging Markets

By Jason Simpkins, Managing Editor, Money Morning - October 29, 2007

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By Jason Simpkins Associate Editor Middle East violence and inventory concerns sent oil prices rocketing to record levels above $92 a barrel Friday, spawning recession concerns in the United States and heightening inflationary worries in India and Asia, particularly in China. It’s now virtually certain that oil prices will eclipse the psychologically important $100 a […]

Two "CanRoy" Investments for the Oil and Gas Boom

By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report • @kfgtotalwealth - October 26, 2007

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By Keith Fitz-Gerald Contributing Editor Many investors are convinced that it takes sophisticated investment strategies to rack up big returns. That's just flat out wrong. In fact, the simplest strategies are often the best, and can produce major returns – especially if you align yourself with powerful global trends, such as energy. Among the best […]

Oil Heads For $100 a Barrel, While Some Speculators Brace for a Correction

By Jason Simpkins, Managing Editor, Money Morning - October 23, 2007

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By Jason Simpkins Staff Writer Oil prices may be headed for $100 a barrel by the end of the year, after speculators successfully pushed crude oil prices through the $90 a barrel level late last week. But many Contrarian Investors believe that – despite the continued strong worldwide demand for oil – prices are already […]

The One Russian Emerging Market With the Most Profit Promise

By Martin Hutchinson, Global Investing Specialist, Money Morning - October 22, 2007

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By Martin Hutchinson Director of Global Investing Research Readers may well have missed the news that Ukraine is currently putting together a new coalition government led by reformist Julia Tymoshenko. “So what?” you may ask. “I can’t know everything. And besides, how do you ever expect me to make a buck out of Ukrainian politics, […]

Record Oil Prices Continue to Push Canada’s Dollar, Inflation

By Investment News Staff, Contributing Writer, Money Morning - October 22, 2007

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From Staff Reports Surging oil prices have pushed inflation in Canada to its highest rate since May 2006, Bloomberg reported Friday. And right behind it, not surprisingly, Canada’s dollar hit a 33-year high of $1.0344 (one dollar equals 96.67 Canadian cents) — quelling U.S. hopes the Bank of Canada would cut interests rates. The Canadian […]

U.S. Economic Woes Prompt IMF to Cut its World Growth Forecast for 2008

By Jason Simpkins, Managing Editor, Money Morning - October 18, 2007

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By Jason Simpkins Staff Writer In part because of the U.S. market's economic malaise, the International Monetary Fund (IMF) cut its global growth projections for next year from 5.2% to 4.8%, Bloomberg News reported. In its semiannual World Economic Outlook, the IMF scaled its prediction for U.S. economic growth back to 1.9% from 2.8%. Declining […]

Exxon Mobil Set to Sue Canada Over NAFTA Infraction

By Investment News Staff, Contributing Writer, Money Morning - October 18, 2007

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From Staff Reports Alleging that Canada has violated the North American Free Trade Agreement with unlawful restrictions, Exxon Mobil Corp. (XOM) has announced its intention to sue Canada in early November for more than $40 million. Arkansas-based Murphy Oil Corp. (MUR) has also warned Canada of its intent to sue for more than $10 million. […]

Soaring Oil Prices, Debt Concerns Send Stocks Skidding Yesterday; Oil Spikes in Asia Today

By Jason Simpkins, Managing Editor, Money Morning - October 16, 2007

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By Jason Simpkins Staff Writer Stocks tumbled yesterday (Monday) as oil prices soared and three major U.S. banks announced a plan to revive the asset-backed commercial paper market. The Dow Jones Industrial Average fell 108.20 points, or 0.77%, to close at 13,984.80. The broader Standard & Poor's 500 Index closed at 1,548.71, down 13.09 points, […]

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