June 22, 2017, 11:50 AM
On Wednesday, the black gold moved lower once again after government data showed an increase in crude oil production, which offset a decline in crude oil and gasoline inventories. Thanks to these circumstances, light crude hit a fresh 2017 low. What’s next for the commodity?
June 21, 2017, 6:33 AM
On Tuesday, crude oil extended losses and hit a fresh 2017 low, but will we see lower prices of the black gold in the coming days?
June 20, 2017, 7:18 AM
Although crude oil moved higher after the market’s open, the lower border of the trend channel continues to keep gains in check. What does it mean for the black gold?
June 19, 2017, 11:03 AM
On Friday, the black gold gained 1.15% and climbed to the previously-broken lower borer of the trend channel. Is this a verification of the earlier breakdown or something more?
June 16, 2017, 9:50 AM
On Thursday, crude oil extended losses as disappointing EIA weekly report continued to weigh on investors’ sentiment. Thanks to these circumstances, light crude lost 0.60% and closed another day under the lower border of the red declining trend channel. What’s next for the commodity?
June 15, 2017, 10:10 AM
On Wednesday, crude oil moved sharply lower after the EIA weekly report showed an unexpected large build in gasoline inventories. As a result, light crude lost 3.72% and dropped under important support. Will these negative factors push the black gold lower in the coming days?
June 12, 2017, 10:16 AM
On Friday, crude oil gained 0.42% and closed another day above the lower border of the declining trend channel. Will we see higher prices of the black gold in the coming days?
June 9, 2017, 10:15 AM
On Thursday, crude oil wavered between small gains and losses, but finally closed the day 0.17% lower. What’s next for the black gold?
June 8, 2017, 7:42 AM
On Wednesday, the black gold oil lost 5.13% after the EIA showed an unexpected rise in crude oil inventories. Thanks to this sharp decline, light crude dropped under the 61.8% Fibonacci retracement, which opened the way to lower levels. How low could the commodity go in the coming days?
June 7, 2017, 5:48 AM
On Tuesday, crude oil bounced off the 61.8% Fibonacci retracement and moved little higher in the following hours, but did this increase change anything in the short-term picture of the black gold?
June 6, 2017, 5:05 AM
On Monday, crude oil lost 0.55% after investors reacted to Friday’s Baker Hughes’ report, which showed that U.S. drillers added rigs for the 20th week in a row. Thank to this increase, the drilling recovery climbed to the highest level since mid-April 2015, raising worries over the supply glut. In this environment, light crude closed another day under $48. What’s next?
June 5, 2017, 7:03 AM
On Friday, crude oil lost 1.45% as U.S. President Donald Trump's decision to withdraw from an international climate agreement raised worries over further increase in domestic production. In this environment, light crude slipped under the Fibonacci retracement and closed the day below it. Will this event encourage oil bears to act?
June 2, 2017, 3:45 AM
Although the EIA showed a larger-than-expected drop in crude oil inventories, the black gold closed the day only 4 cents above Wednesday’s closure. Where are oil bulls?
June 1, 2017, 4:48 AM
On Wednesday, the black gold extended losses after news that Libya's oil production has risen, climbing above a three-year high. In this environment, light crude lost 2.70% and closed the day below the long-term support line. What does it mean for the commodity?
May 31, 2017, 10:16 AM
Although crude oil climbed above the level of $50 yesterday, this improvement was very temporary and the black gold closed the day below this barrier. In this way light crude invalidated the earlier breakout, which will likely trigger further declines. How low could the commodity go in the coming days?
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