Back to top

Real Time Insight

The West Texas Intermediate ("WTI") crude price closed yesterday at a 26-month high of $110.10 a barrel on jitters over possible Western intervention in Syria's ongoing internal conflict. It traded under $110 today.

WTI has jumped 27% since hitting the 2013 low of $86.68 on April 17.

The rise in oil prices isn't only a Syria story, however. Prices are up in August, but just by 4.2%. Oil was already rising well before the Syrian conflict escalated.

Check out the 1-year chart of electronic NYMEX trading:

Issues that are impacting oil prices include:

  1. Unrest in Syria which is causing jitters regarding Iran/Iraq production if the conflict spreads.
  2. Libyan production at lows last seen when Qaddafi left power in 2011.
  3. Nigerian production dropped to 4-year lows of just 1.9 million barrels a day this summer due to oil theft, sabotage and technical problems.
  4. Venezuela production is up slightly in the first six months of the year but recent fires and layoffs are seen impacting production.
  5. It's hurricane season in the U.S. Gulf of Mexico. While this season has been quiet, so far, there is still another 2 months left in the season. There is always the possibility of production disruptions due to storms.
Should investors be worried about oil prices again?


Just Released: 5 Stocks to Double

Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100% and more in the next 12 months:

One is a "boring" business delivering blistering growth. Another is a red-hot oil and gas producer set to surge on a drilling breakthrough. Still another, an online payment provider, ignited a 53% sales explosion during the past year.

Close This Panel X

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%