Earlier today, the U.S. Energy Information Administration reported that U.S. crude oil inventories fell by 237,000 barrels in the week ended March 10, but is it enough to stop oil bears?

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Although crude oil moved a bit higher after yesterday’s market’s open, oil bears didn’t give up and successfully pushed the black gold lower. How low could light crude go in the coming days?

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On Friday, crude oil moved lower once again and broke below the next support zone. Where will the commodity head next?

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On Thursday, crude oil extended losses and not only dropped under the barrier of $50, but also closed the day below it for the first time since December 7. Does it mean that the way to lower levels is open?

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On Wednesday, the black gold oil lost 5.38% after the U.S. Energy Information Administration report showed the ninth straight week of increases in crude oil inventories. As a result, light crude dropped not only below the last week’s low but also closed the day under key support levels. What does it mean for the commodity?

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