Tag: oil prices
Oilmageddon And The Global Economy
I grew up on the Gulf Coast, beginning in Florida, then over to Texas, then part way back to Louisiana. We weren’t testing beaches, we were following boats. My stepfather joined our family when I was quite young, essentially becoming my parent. He took a job on a shrimp boat in the Florida panhandle and […]
Gold Soars On The Saudi Oil Attacks: Can It Last?
Over the weekend, there was a drone attack against the world’s largest oil processing facility and a major oilfield in Saudi Arabia. Oil prices have predictably spiked, but how will this geopolitical shock affect the gold market in the days ahead? What Happened? On Saturday, the drone bombings struck the Abqaiq oil-processing plant and the Khurais oil […]
Gold And Silver Show Strong Historical Performance During The Summer Months
The summer is generally a good time to purchase precious metals. Gold and silver historically have outperformed when the weather is warm. They have also outperformed other commodities, specifically oil. If you are looking to add precious metals to your portfolio, look for dips in the price during the summer months, as they are likely to be […]
Investors Facing Crude Facts
Shell-shocked investors are shifting their attention away from tariffs to the world’s most important commodity — crude oil. The U.S. and China are locked in a brutal struggle on trade policy, but they agree on at least one thing: they’d like to see lower oil prices. President Trump recently declared as much, complaining in a tweet […]
An OPEC Deal Extension Isn’t As Simple As It Sounds
It’s been six months now that oil prices have been reacting to OPEC, first to the possibility of an agreement, and then to the production cut deal itself, forged by OPEC to rebalance the market. The deal–initially aired as ‘an agreement to agree on a deal’ in September and signed at the end of November—will […]
Oil Price Frenzy: Big Opportunity Or Sucker’s Bet?
Wall Street is giddy over the latest oil price bounce, but you should be leery. The energy market has played Lucy-with-the-football before. Crude oil surged last Wednesday after the Organization of Petroleum Exporting Countries (OPEC) reached an agreement to curtail production by 1.2 million barrels a day. OPEC currently produces 33.6 million barrels a day, […]
OPEC Oil Prices Hit Energy ETFs
Recently, the members of Organization of Petroleum Exporting Countries (OPEC) met. They decided to continue pumping oil at a record pace and let OPEC oil prices fall as the supply glut widens. The immediate reaction to the decision had a negative impact on oil prices. The price of a barrel of WTIC crude oil plunged […]
Crude Oil: How Low Will It Go?
Crude bears are quickly coming out of hibernation… As energy investors are fully aware, bulls have been in control of oil prices for most of the summer. Multiple Middle East uncertainties pumped a massive fear premium into the crude market starting in early July. The essential commodity shot to $112 a barrel when Chicken Little […]
Are You Ready For This Crude Possibility?
Oil’s back on the move again… After plunging from $106 a barrel down to $78 in May and June, the lifeblood of global commerce is finding its footing. In fact, oil’s back up to $93… a solid 18% advance from the late June lows. Take a look… No matter how you slice it, that’s a […]
Will Oil Spike To $150?
Highly uncertain European economic news is turning the US stock market into an absolute roller coaster. Case in point, the Dow spent the past two weeks trading as high as 12,272 and as low as 11,650. That’s an ultra-volatile 5% short-term trading range that’s making for a wild ride in just about every stock out […]
