For some time I have been talking in Oil & Energy Investor about a confluence of factors leading to a rise in oil prices.
Something created in London several years ago is beginning to have a major impact on oil prices and the oil market today. Unfortunately, this “something” is just what the Saudis need.
The ongoing battle between Saudi Arabia and American shale production over the international market continues.
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.
Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
The post Here’s the Latest Saudi Ploy to Control Oil Prices appeared first on Money Morning – We Make Investing Profitable.
It sure has been amusing to watch the instant oil experts trying to shove their “square peg” explanations into the “round hole” price of oil this week.
The recent move in oil prices prompted the talking heads on TV to warn us the market is oversupplied, thereby driving prices down.
We’ve seen massive shifts in crude oil prices in recent weeks. This has brought back some rather specious arguments by talking heads on TV and pundits.
When oil prices decline, there’s always an inevitable uptick in demand. The reason for this is simple: Markets tend to use more of a cheaper product.
We’ve got a “below the surface” read on what the recent OPEC report really means. Because it’s our job to bring you the hottest developments in the world of energy.