WTI oil price

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WTI Crude Oil Prices Slide on Bearish Goldman Sachs Forecast

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - September 11, 2015
WTI crude oil prices slumped today after the release of a new Goldman Sachs Group Inc. (NYSE: GS) price forecast.
The Wall Street bank cut its 2016 estimate for WTI prices, citing OPEC production and slow demand.
Here's what you need to know about today's oil price movements...

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WTI Crude Oil Prices Slide on Bearish Goldman Sachs Forecast

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - September 11, 2015

WTI crude oil prices slumped today after the release of a new Goldman Sachs Group Inc. (NYSE: GS) price forecast.

The Wall Street bank cut its 2016 estimate for WTI prices, citing OPEC production and slow demand.

Here's what you need to know about today's oil price movements...

WTI Crude Oil Prices Today Fall on Weak Chinese Trade Data

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - September 8, 2015

WTI crude oil prices today fell deeper into negative territory following a weak trading report in China.

China's imports and exports fell significantly in August, marking the second consecutive monthly decline.

Here's a recap of today's movements in the oil market...

Crude Oil Prices Today Crater on EIA Supply Report

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - September 2, 2015

Crude oil prices today fell below $44 a barrel in response to a new weekly inventory report from the EIA.

Despite the oversupplied oil market, there are still plenty of ways to profit from the energy sector.

All you need to do is follow these three strategies for picking the best oil stocks...

WTI Crude Oil Prices Close at Highest Level Since July 21

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 31, 2015

WTI crude oil prices skyrocketed today amid EIA's bullish supply report and OPEC's worries over low oil prices.

The U.S. benchmark settled at its highest level since July 21.

Here's a detailed recap of how the EIA and OPEC moved oil prices today...

WTI Crude Oil Prices Will Soar from M&A Activity in Late 2015

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 26, 2015

WTI crude oil prices edged lower today after a supply report from the EIA showed a slight decline in oil stockpiles.

The agency stated U.S. oil supplies fell, but inventory is still near an 80-year high.

But there's a "wave" washing over the sector that will boost oil prices by the end of the year...

What the Iran Nuclear Deal's "Secret Agreement" Means for Oil Prices

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 20, 2015

There's a bombshell new development in the Iran nuclear deal.

The Associated Press reported that Iran will be permitted to use its own experts to inspect Parchin, one of the country's most suspicious testing facilities.

Here's a breakdown of the news and how it will affect oil prices...

What's the WTI Crude Oil Price After Today's EIA Supply Report?

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 19, 2015

The WTI crude oil price sunk lower today after the U.S. Energy Information Administration (EIA) released its weekly supply report.

Despite the drop, today's low prices give us the perfect opportunity to buy certain oil stocks at a discount before prices begin to rise.

Here's how you can play today's movement...

3 Ways to Play the WTI Crude Oil Price Drop

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 17, 2015

The WTI crude oil price continued its three-month-long decline today on poor economic data from Japan and new price forecasts from Morgan Stanley.

Despite today's fall, there are still some easy ways to profit from the oil sector's turmoil.

Here are the three best ways to play today's oil price drop...

WTI Crude Oil Price Today Falls Alongside Chinese Yuan

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 11, 2015

The WTI crude oil price today fell to a six-year low in the wake of China's decision to devalue its yuan this morning.

Although China touts it as a reform measure, the devaluation raises concerns that the nation's government is panicking.

Here's everything you need to know about today's movements...

Why WTI Crude Oil Prices Are Down Today – 8/6/15

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 6, 2015

WTI crude oil prices sunk lower today as concerns about the Chinese stock market and excess supply perpetuate the month-long free fall.

Despite today's decline, supply is about to start drastically shrinking in the coming months.

Here's everything you need to know about today's movement...

Why the WTI Crude Oil Price Is Up Today – August 2015

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - August 4, 2015

The WTI crude oil price slightly recovered today after falling below $50 during yesterday's session.

Despite recent drawbacks, oil prices are on track for a long-term rebound over the next year.

Here's what you need to know about today's moves - and why prices will hit the $70 range by December...

Why the WTI Crude Oil Price Is Down Today – 7/31/15

By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - July 31, 2015

The WTI crude oil price is down 1.4% today (Friday) after a report from Reuters indicated production from OPEC continues to grow.

The monthly survey indicated that OPEC production hit 32 million barrels per day (bpd) in July. That was up 140,000 bpd from June.

Here's where prices are headed now...

Why the WTI Crude Oil Price Is Down Today – 7/17/15

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - July 17, 2015

The WTI crude oil price today is on track to close under $50 for the first time in four months amid bearish sentiment from inventory data and the Iran nuclear deal.

Yesterday, WTI closed at $50.91, the lowest settlement since March 19.

Here's a breakdown of why oil prices are still declining today...

Why the WTI Oil Price Is Down Today

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - July 6, 2015

There are three reasons why the WTI oil price is down today.

The biggest one is the debt crisis in Greece, which came to a head yesterday after Greek citizens voted against bailout conditions.

Here's a breakdown of how all three have caused the oil price drawback over the last week...

How Much Is a Barrel of Oil Today? – July 2015

By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 - July 2, 2015

How much is a barrel of oil today, 7/2/15: Oil prices are seeing a soft rally today on the coattails of a bullish U.S. jobs report.

Despite today's gains, oil prices have fallen by more than 1% over the last week.

But short-term volatility is expected. In fact, prices will follow this distinct upward pattern over the course of 2015...

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