The price of oil is usually measured on a per-barrel basis. The price also can be quoted as the spot price, which is the price of buying a barrel at the current moment, or as the futures price, which is the cost of buying a barrel of oil in future months. Two main contracts traded are West Texas Intermediate (WTI) and Brent Crude. WTI oil is light sweet oil and very well suited for gasoline. Brent Crude is a blend of oil from the North Sea. Futures prices are quoted in increments of 1,000 barrels of oil for every one contract.
With weak oil prices and many analysts forecasting slow times ahead for the stock market, many investors may be wondering, where are there good times in this market? Well, I believe they’re still with airline stocks and railroad stocks.
Airline Stocks Pushing New Record-Highs, Starting with Air Alaska
Many stocks within the airl… Read More
Simply put, there is no support or interest in buying oil at this time, and that means oil prices could realistically hit $40.00 a barrel. Oil prices that low could cripple the global economy. Let me explain…
The Decline in Oil Prices
When the West Texas Intermediate (WTI) crude oil prices initially broke below $80.00, I was thinking… Read More
Oil, Copper, and Trade Suggest Severe Global Economic Slowdown in 2015
When I look at key economic indicators like oil, copper, and the trade among countries, they make a very compelling argument for a severe global economic slowdown in 2015.
Oil Prices to Slump Further
In June of 2014, a barrel of light crude oil cost roughly $107.00…. Read More
Looking ahead to 2015, the first and most obvious news the marketplace will be looking for is fourth-quarter earnings.
Even before oil prices experienced their material sell-off, fourth-quarter earnings were looking good, as corporate reporting in both the second and third quarters of 2014 estimated a solid finish to the year.
No… Read More
Russian President Vladimir Putin is holding the world in what I describe as an economic hostage situation.
From the annexation of Crimea from Ukraine and his continued support of rebel separatists in that region to his defiance of political rights and a thumbs-down approach to the United States and Europe, Putin is creating a politi… Read More