You might be surprised to learn how much oil the U.S. imports — and where most of the oil comes from. (Hint: It’s not OPEC.) Matt Badiali reveals the sector you need to be in to profit when oil prices rise this year. (2-minute read)
John Ross considers the short-term price of oil in his Chart of the Week. Urging bullish traders not to depend on conflict in the Middle East, he forecasts where oil might go in the weeks ahead and reveals when to look for new buying opportunities.
The U.S. military airstrike in Iran is the latest step toward an all-out war in the Middle East. Matt Badiali has been warning you about this since May 2019. Now, the oil price is finally reacting. Here’s what you need to do today. (3-minute read)
![[Shale Crisis Update] More Ugly News for U.S. Oil Companies](https://cdn.banyanhill.com/wp-content/uploads/2019/12/06134715/shutterstock_622602623-627x376.jpg)
The Permian Basin is the engine driving U.S. oil production to new records. But this once-profitable area is a ghost town. Plunging stocks, layoffs and bankruptcies point to an ugly future for oil service stocks.
If you’re looking for the most hated sector, it’s not even close. But the sell-off that we’ve seen in these stocks has created some interesting scenarios today.
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