Trading the Pursuit of Venezuelan Oil

The United States has been exploring new options for sourcing imported crude oil, and one potential option is Venezuela, a South American country that controls the largest reserves of crude oil.

Petroleum Perseveres

While debate continues on the transition from fossil fuels to green energy, the nation will rely on oil and gas for the foreseeable future In April 20, 2020, the seemingly unthinkable happened: Crude oil prices fell below zero. More accurately, the May 2020 WTI crude oil futures went negative, touching a low price of -$40.32 … Continued

Crude Over Crypto

Cryptocurrency may seem less attractive these days as the invasion of Ukraine increases the volatility of crude oil  As war rages in Ukraine, crude oil is impersonating a cryptocurrency. The price for West Texas Intermediate contracts (WTI) jumped nearly 7% in one day—the commodity’s biggest rise since record keeping began.   The relationship between bitcoin … Continued

6 Looks at Energy Stocks

Crude oil prices of more than $100 a barrel are boosting stock prices in the petroleum sector, but the effect on the S&P 500 is limited because the commodity accounts for fewer than 5% of the companies in the index. Many portfolios are heavily invested in the S&P 500, so a lot of traders have … Continued