On Tuesday, crude oil extended losses, hitting a new August low, but will we see lower prices of the commodity in the coming days?

• Read more

On Monday, crude oil lost 2.72% as Tropical Storm Harvey caused the closure of the refineries in the Gulf of Mexico region, which raised fears of an increase in crude oil inventories. In this environment, light crude hit a fresh August low and closed the day below $47, breaking below two supports. What does it mean for the black gold?

• Read more

Although crude oil gained 0.93% on Friday, the black gold closed the previous week 1.62% below the August 18 closing price and under the lower border of the trend channel. Will we finally see another bigger move to the downside in the coming week?

• Read more

On Thursday, the black gold lost 2% after investors digested the EIA report and reacted to the increase in crude oil production. Thanks to these circumstances, light crude not only erased Wednesday’s gains, but also came back below the lower border of the trend channel. What does it mean for the commodity?

• Read more

On Wednesday, light crude gained 1.21% after the EIA weekly report showed declines in crude oil and gasoline inventories. As a result, the black gold came back above the lower border of the trend channel, but can we trust this increase?

• Read more