The conflict between OPEC and U.S. shale/tight oil producers has entered a new phase. And the result has been an accelerated decline in the price of oil.
There is excess supply on the market and a correction has been in order even without the latest OPEC move.
Here's our take on the international scheme to keep oil prices down...
The conflict between OPEC and U.S. shale/tight oil producers has entered a new phase. And the result has been an accelerated decline in the price of oil.
There is excess supply on the market and a correction has been in order even without the latest OPEC move.
Here's our take on the international scheme to keep oil prices down...
The oil price forecast calls for higher crude ahead, but not enough to save the day. The pivotal issue of the cost per barrel has taken a back seat to a more crucial issue at hand.
One that could lead to a more protracted fiscal crisis in the future. Because, while under the "old rules" oil prices could move up to meet budgetary needs.
But that's not the case anymore. Here's what it means for oil prices down the road...
Crude oil prices continue to be volatile, with both Brent and WTI falling about 3% Wednesday.
But near-term volatility aside, oil prices are recovering from their recent lows. Brent has gained more than 30% since late January and is now over $60 a barrel. WTI is over $52.
While oil isn't going to surge in the short term, there are definite opportunities here. Oil won't have to hit triple digits for them to pay off, either.
Here's how to the play the rebound in energy...
