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Oil

Article Index

Oil Hits $100 a Barrel on Global Political Tension and Supply Concerns

By Jason Simpkins, Managing Editor, Money Morning - January 3, 2008

By Jason Simpkins Associate Editor After flirting with the century mark for months, crude oil finally it the record $100 a barrel level yesterday (Wednesday), fueled by violence in Nigeria, bad weather in Mexico and an unprecedented admission by the Middle East oil cartel that petroleum supplies will fall short of demand by 2024. An […]

Outlook 2008: How to Profit When Oil Bubbles Up Above the $100 Level

By Jason Simpkins, Managing Editor, Money Morning - December 20, 2007

Editor's Note: This is the Second Installment of an Ongoing Series Addressing the Outlook for Investment Opportunities and the Global Economy in 2008. By Jason Simpkins Associate Editor The price of oil has climbed nearly 50% this year, a rise that culminated on Nov. 21 when the "black gold" hit a record high of $99.29 […]

Putin Wins Chavez Loses: A Net Win for Oil Investors

By Martin Hutchinson, Global Investing Specialist, Money Morning - December 4, 2007

By Martin Hutchinson Contributing Editor Russian president Vladmir Putin's United Russia party won 64% of the vote in Sunday's elections, while Venezuelan president Hugo Chavez lost his constitutional referendum in by a slim 2% margin the same day. That's a split result for the wannabe dictators, but it looks like a net win for investors. […]

Eight Ways to Profit if OPEC Dumps the Dollar

By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - November 28, 2007

By Keith Fitz-Gerald Contributing Editor Last Sunday, Iranian President Mahmoud Ahmadinejad dropped a bombshell in Riyadh. And while it wasn't a nuclear one, it might as well have been. He stated on the record at a rare gathering of the heads of the Oil Producing and Exporting Countries (OPEC) cartel that OPEC members have expressed […]

'Axis of Unity' Provides Dollar Dissent at OPEC Summit

By Jason Simpkins, Managing Editor, Money Morning - November 20, 2007

By Jason Simpkins Associate Editor Iran and Venezuela reignited debate over the U.S. dollar at an OPEC (Organization of Petroleum Exporting Countries) summit in Riyadh over the weekend. President Hugo Chavez of Venezuela and Iran's president, Mahmoud Ahmadi-Nehjad, joined forces at the two-day conference to take potshots at the United States over its emasculated dollar. […]

Where Should We Invade to Bring Down Oil Prices?

By Martin Hutchinson, Global Investing Specialist, Money Morning - November 20, 2007

By Martin Hutchinson Contributing Editor According to Venezuelan president Hugo Chavez, whose economic acuity is legendary in quality, if the United States invades Iran we can expect crude oil to soar to $200 a barrel. Clearly this would be undesirable. However, it raises an obvious question: There must be a country we can invade that […]

Oil Prices Slide on Demand and OPEC Considerations

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

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

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 - November 7, 2007

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 - November 6, 2007

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 - November 6, 2007

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

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

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

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 - October 26, 2007

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 […]

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