The room was unanimous on that point. They didn’t want to hear about oil. Yet in the face of all those commonly held beliefs, the price of oil rallied.
Some see oil prices continuing to climb throughout 2018. That may be the case by the end of the year, but for now, oil prices are set to take a dip lower.
Gains in oil seem like a natural response to any action against Iran. But as this chart shows, oil is now at an extreme level only seen in bubbles.
This monumental shift will be the most dramatic in over 100 years, maybe even more so than when ships switched from coal to oil.
Over the last couple of weeks, we discussed two reasons for the rising oil price. However, there is another source of anxiety in the oil market.
In the next few years, the big capital investment money is headed toward offshore oil exploration and production in a big way.
When oil companies begin to spend on expansion, it’s a sign that they believe there are bright prospects in the oil industry for growth.
With talks of the U.S. losing in trade deals, there is a surprising victory with our southern neighbor. To understand why, we have to take a couple steps back…