WTI crude oil prices plunged 8% this week, from $53.20 a barrel on Monday to a low of $49.05 today (March 9).
Our oil price predictions for 2017 are for WTI crude oil prices to climb up to $62 a barrel and Brent crude to rise up to $65 a barrel.
But there’s a lot that goes into our oil price forecast that can shake up the price of oil in 2017.
President Trump’s executive order on Friday (Feb. 3) has many wondering whether Trump will undo Dodd-Frank.
Naturally, this creating uncertainty for investors.
Ever since President Trump proposed to make “America energy independent,” people have been asking “how much oil does the U.S. have?”
Exxon earnings come out tomorrow, but while observers are anxiously awaiting the report, savvy investors should avoid the stock no matter what the report says.
U.S. oil production is up 3% since OPEC struck a deal to cut its oil output on Nov. 30. But some observers doubt U.S. production growth can continue.
Investor anxiety is high over the possibility of a stock market crash after the FOMC meeting this week.
The price of oil surged to a new record high for 2016.
As the current seven-year bull market rages on, we’ve found some startling comparisons between the market now and the market of 1929.
We have a new oil price prediction now that OPEC has agreed to slash production.