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Oil rallies, finally

Oil rallies, finally

Oil rallied today, Monday, March 27, for the first time in, well, quite a while. Oil is likely to finish with a loss in March, for a fifth monthly drop. So today’s move, which saw West Texas Intermediate jump by almost 55, marked quite a shift in direction. You...
Rumors swirl around Pioneer Natural Resources again–this time that ExxonMobil is talking about an acquisition

What to do about your oil stocks?

I’ve seen several comments on the site asking this question. I assume we’re talking about oil stocks in the short- and medium-term. In the long term, I think it’s clear that you should be thinking about selling these out of your portfolio at a profit...
Rumors swirl around Pioneer Natural Resources again–this time that ExxonMobil is talking about an acquisition

Saudis surprise OPEC; oil soars by 5%

Today, January 5, Saudi Arabia shocked OPEC+ with a voluntary 1-million-barrel-per-day output cut. The announcement came after OPEC and Russia agreed to allow a 75,000 barrels a day increase in total production from Russia and Kazakhstan in February and March. On the...