On Tuesday, crude oil wavered between small gains and losses, but finally lost 0.45% and closed another day below the 200-day moving average. Will we see further deterioration in the coming days?

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On Monday, the black gold moved a bit lower after news about a recovery in production from Libya's largest oil field. In this environment, light crude lost 0.38% and slipped under the 200-day moving average once again. Where will the commodity head next?

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On Friday, light crude moved higher and gained 1.12%, which resulted in a comeback above the previously-broken 200-day moving average. Is it enough to encourage oil bulls to act in the coming week?

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On Tuesday, crude oil moved sharply lower after news that OPEC rose by 90,000 barrels a day in July despite the deal to cut production. In this environment, light crude lost 2%, slipping under important resistances and the barrier of $50. What does it mean for the black gold?

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On Monday, the black gold moved higher as news of an OPEC and non-OPEC members meeting at the beginning of next week supported the price. Thank to these circumstances, light crude oil climbed above the resistance lines and the barrier of $50. Will oil bulls hold the price above them in the coming week?

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