Oil is a viscous chemical hydrocarbon that is liquid at normal temperatures. Oil is used as a fuel and lubricant. It is refined to become gasoline, diesel, and jet fuel. Low oil prices are typically associated with the prevalence of economic globalization.
Military action has escalated in the Yemen Saudi conflict as the fighting continues. This has spooked global oil markets, leaving investors wondering how the Yemen crisis will affect oil prices.
Could a country producing 150,000 barrels per day, accounting for less than 0.02% of the global oil output, really have an effect on world oil prices?… Read More
February appears to be setting up to be a month of romance with the stock market after the DOW blasted up 521 points in the first two sessions of the month.
Now, you must be wondering about how the stock market is playing, given the turmoil and volatility we witnessed in January that drove the key stock market indices to below their respective 50-day moving averages (MAs)…. Read More
Income-seeking investors, who are typically more likely to be risk-averse, are now having difficulty finding value in a stock market that’s gone up tremendously.
The huge reduction in the spot price of oil has certainly offered up more value than when the price was steadily around $100.00 a barrel.
Although not cheap by any means, I like Kinder Morgan, Inc…. Read More
It really is quite amazing the amount that spot oil prices have dropped. Naturally, in a lot of areas, the price of gasoline has not dropped the same percentage.
Lower oil prices help a lot of industries. The railroads and airlines, for instance, should show a material gain in earnings in the fourth quarter due to the drop in fuel costs.
It’s not a game-changer for oil producers just yet, but The Goldman Sachs Group, Inc…. Read More
The big news so far this earnings season isn’t corporate financial results but the price of oil, which continues to be under pressure.
Domestic production has finally caught up to spot prices and combined with reduced expectations for the global economy, oil prices continue to be vulnerable.
Resource investing is inherently volatile; risk related to commodity-based investing is always higher…. Read More