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?

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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?

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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?

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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?

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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?

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