On Friday, crude oil rebounded and erased some of earlier losses, invalidating the earlier breakdown under two moving averages and approaching the barrier of $50. Is this increase just a verification of the breakdown or something more?

• Read more

Although OPEC agreed to extend production cuts to March 2018, the organization rejected deeper cuts, which pushed the price of crude oil sharply lower. Thanks to yesterday’s decline, light crude came back below the barrier of $50, but will we see further declines?

• Read more

Earlier today, OPEC decided to extend cuts in oil output until March 2018, but is is enough to push the black gold higher?

• Read more

On Tuesday, the black gold gained 0.66% and closed another day above $51. How high could the commodity go in the coming days?

• Read more

On Monday, crude oil climbed above the 61.8% Fibonacci retracement. What does it mean for the black gold?

• Read more