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Oil Prices

Iran no longer has sanctions restraining its oil production and it is free to do business with Western countries. Iran also has the freedom to impose its conditions. Given that Europe has become its biggest trading partner, it comes as no surprise that it wants buyers to pay…

Analysts at Citigroup appear to be throwing in the towel after suggesting the global economy was caught in a “death spiral” that adds to my recent thesis that we could be in for a much bigger stock market crash. (Source: “Citi: World economy trapped in ‘death spiral,” Yahoo!…

Get Ready for $50 Oil Prices: Analyst Could the slump in oil prices finally be over? The answer is yes, if you ask analysts at major financial institutions. In fact, they are saying oil prices could surge 50% by the end of this year. West Texas Intermediate (WTI)…

We’re getting close and closer to a bottom in oil prices. The price of crude oil is in a free-fall, trading at just over $33.00 per barrel during the last week of January. Most analysts have given up, calling for crude to fall as low as $10.00 by…

Oil prices are hovering near $30.00 per barrel, down 50% from last summer and down 80% from the summer of 2008. How low can oil go? No lower apparently. In fact, energy entrepreneur and perma-oil bull T. Boone Pickens, has called a bottom to oil. But is the…

More Downside for Oil Prices There was a fleeting rebound in oil prices, as tensions between Saudi Arabia and Iran briefly raised geopolitical risk in the oil-rich Persian Gulf. However, the markets seemed more than ready to absorb it. The oil price rebound, small as it was, has…

No Upside for Oil Prices Oil prices are caught in a death spiral with February’s West Texas Intermediate (WTI) oil landing at a 12-year low below $30.00 last week. Surprised? You shouldn’t be. Back in a November 2014 commentary on oil prices, when WTI crude was trading at…

Will This Spell the End of OPEC? The International Monetary Fund (IMF) fears that the increased oil supply resulting from the lifting of sanctions on Iran could put pressure on global oil prices, lowering these by anywhere from $5.00 to $15.00 a barrel. Although, the futures market may…

Has the Price of Oil Reached the Bottom of the Barrel Yet? Analysts’ opinions have not been unanimous on the matter, but the evidence suggests that oil prices will get lower before they reverse the bearish trend, according to the Bank of Montreal (BMO). (Source: “Oil May Drop…

While oil prices appear to have found some support, interrupting the chute that has seen the resource drop to below $36.00 per barrel, the pause may be temporary and just ahead of a new plunge. According to Goldman Sachs, the excess supply of oil may continue until the…

Oil Price Forecast: WTI Could Fall to $20 Global oil prices continue to defy all rationalization, as predictions fall flat on their face and both West Texas Intermediate (WTI) and Brent are displaying extreme volatility. Crude oil is now at its lowest price level in 11 years, but…

Glut May Push Oil Prices Down Further For those of you waiting for the inevitable rebound in oil prices, you might be waiting a while longer. Global energy markets are still holding out for a much bigger contraction in oil supplies before the oil price rallies, but the…

Canadian Dollar Forecast for 2016 Anyone keeping score of the CAD to USD exchange rate knows that 2015 was a bad year for the Canadian dollar, but here’s the kicker: 2016 could be worse. Low oil prices decimated Canada’s energy sector, starting a chain reaction that can’t be…

Higher Oil Prices Are Coming in 2016 Last week, the Organization of the Petroleum Exporting Countries (OPEC) sent a clear message that it does not intend to alter its strategy from the past 12 months. OPEC will keep producing oil at its highest possible output in order to…

Low Oil Prices Bullish for Airline Stocks What the heck is going on with the airline sector stocks, especially as oil prices continue to tank to their lowest levels since before the Great Recession? Generally, when oil prices drop, we see an upward move in airline stocks, but…

T. Boone Pickens Sees a Rebound in Oil Prices Oil prices hit their seven-year lows on Monday, but oil bull T. Boone Pickens is standing by his $70.00 oil forecast. Oil prices have continued to tank as one OPEC (Organization of the Petroleum Exporting Countries) meeting after the…

Oil Investors Drowning in Sea of Crude Crude oil prices are testing new lows this week, as the bad news keeps piling up for the global energy sector. With the Organization of the Petroleum Exporting Countries (OPEC) deciding not to reduce oil production during its December 4 meeting…

Hedge Funds May Be Messing with Oil Prices It wasn’t too long ago that analysts covering oil prices were riding high on a wave of optimism, with various predictions of crude hitting $200.00 per barrel during the financial crisis in 2008–2009. Back then, commentators were unabashed in placing…

Oil Price Forecast Is Bullish for Crude in 2016 The majority of oil price forecasts remain pessimistic in the sense that they expect oil prices to remain at current levels, drop below $30.00 a barrel in 2016, or shoot back toward the $100.00 mark. The key is what…

Exxon Mobil Could Deliver Big Dividends in 2016 The oil sector is sneaking back into the rankings, that is from the perspective of the Exxon Mobil Corporation (NYSE:XOM) stock outlook 2016. Owners of Exxon Mobil stock are now entitled to a 10% higher dividend, which like Apple Inc.,…