If you came here to find out when oil will reach $100 a barrel, I'm sorry to disappoint. The thousands of factors that go into the price of oil at any given time make it hard to put a timestamp on prices. Demand can wax and wane with global economic growth, and supplies can't always react fast enough to keep prices consistent. Plus, since the word of OPEC carries such … [Read more...] about $100 Oil Isn’t as Outlandish as You Might Think
Oil & Gas
How to Use Options to Play the Next Oil Wave
Crude oil prices are rising again. Much to the relief of oil investors. The rise has been reflected both by West Texas Intermediate (WTI), the benchmark used for futures contracts set in New York, and Brent, the equivalent set daily in London. As of close of trade Sept. 19 – which happened at 2:30 for oil – WTI was at $71.12 a barrel, the highest since July 10. … [Read more...] about How to Use Options to Play the Next Oil Wave