On Tuesday, crude oil moved higher and re-tested the strength of the key resistance area, but did this increase change anything in the overall picture of the commodity?

• Read more

Earlier today, crude oil futures moved higher after bullish comments from OPEC Secretary General Mohammed Barkindo. What does it mean for the black gold?

• Read more

On Thursday, crude oil moved higher on news that OPEC could extend its output-cut deal to non-members after concerns over a surge in U.S. crude and shale production increased. Thanks to these circumstances, light crude climbed to $54 and re-tested the key resistance zone. Will we see another reversal and declines in the coming days?

• Read more

Although the Energy Information Administration reported that crude inventories increased by 9.5 million barrels (almost three times more than analyst forecasts) and gasoline stocks rose by 2.8 million barrels (missing a forecast of a 752,000-barrel increase), the black gold only wavered between small gains and losses as OPEC supply cuts helped to support the price of the commodity. What’s next?

• Read more

On Tuesday, crude oil moved a bit higher, but the short-term resistance line hold. Will it stop oil bulls in the coming days?

• Read more