Trading position (short-term; our opinion): Short positions with a stop-loss order at $65.23 are justified from the risk/reward perspective.

Pay no mind, OPEC will be here soon to save the day, so to $50 we go. I hate to be the one to tell you I told you so, but I never had a chance.

Going For a Record

Oil prices got hit hard after the ECB changed rules on the QE program, but it's coming back strong.
Oil prices are beginning to rebound thanks to a cut in production. But when companies resume drilling and supply increases again, prices might plummet for the second time this year.

Saudi Arabia continues to ratchet up production, taking market share away from U.S. shale producers. 

Just to be clear, $61 WTI is about $41 higher than $20 WTI

Operating in difficult conditions—whether political, logistical or technical—comes with the oil and gas territory, but the collapse in oil and gas prices has added further complexity and risk to th

Our global oil supply is changing. We need to embrace it and look for new sources.
With supply continuing to soar and demand down the tubes, an oil confrontation between U.S. producers outside OPEC seems inevitable. If production won't be cut, something else has to give.