The final quarter of 2018 has certainly been “historic.” Then again, so was RMS Titanic’s last night above water.
Both primary crude benchmarks posted highs on Oct. 3, but through close of trade on Dec. 27, they’ve been in marked retreat. West Texas In…
The collapse in oil prices has now reached historic levels.
Tuesday’s 7% plunge in West Texas Intermediate (WTI) – the largest slump in more than 30 years of futures contracts – marked the 12th consecutive daily loss for the New York benchmark. Before…
The Delaware Basin in arid western Texas and southern New Mexico used to be a good deal more inviting than it is today.
In fact, around 300 million years ago, when the region was south of the Equator, the area was a lush, tropical reef teeming with Per…
Not that long ago, I’m sure you remember, the Organization of Petroleum Exporting Countries, better known as OPEC, controlled the international price of crude oil.
Given its effective control over more than 40% of all oil produced daily worldwide, how…
According to Dr. Kent Moors, crude oil prices have much further to climb.
In fact, he’s going to show you the most telling indicator to explain why he’s so bullish on the black gold’s future…
Tags: Oil
To get full access to all Money Morning con…
Several months ago, U.S. President Donald Trump delivered an ultimatum on the Iranian nuclear deal:
“Either fix the deal’s disastrous flaws, or the United States will withdraw.”
Currently, the oil market is cashing in on the many geopolitical “lottery tickets” it has on hand.
Additionally, as we speak, our Dr. Kent Moors sees three global crises emerging that will impact every dollar you make.
Back in July, I released my oil price forecast for the third quarter of this year, predicting where prices would be at the end of September.
And by 2:30 p.m. EDT (the close of crude oil trading) on Friday, Sept. 22, the U.S. oil price was almost exactly in the range I’d predicted.
The oil sector is buzzing with rumors at the moment, and, as usual, the financial news channels have absolutely no idea how to handle it.
How high will oil go in 2017.
