On Monday, crude oil lost 0.88% as oil investors reacted to Friday’s Baker Hughes’ report. As a reminder, it showed that U.S. drillers added 29 rigs, which was the biggest increase in almost four years. As a result, light crude reversed once again and closed the day below $53. What’s next for the black gold?

• Read more

On Friday, crude oil gained 2.11% and came back above $53, but did this increase change anything in the short-term picture of the black gold?

• Read more

On Thursday, crude oil wavered between small gains and losses after a mixed the EIA weekly report on crude oil and fuel inventories. What’s next for the black gold?

• Read more

On Wednesday, crude oil lost 2.57% after the head of IEA warned of a significant increase in U.S. shale output as OPEC and non-OPEC producers cut output. This news affected negatively investors’ sentiment and pushed the black gold under important support levels. What does it mean for light crude?

• Read more

Although crude oil climbed above $54 after investors had over-reacted to Friday’s Baker Hughes’ report, this improvement was temporary and the black gold came back below the last week high. Will we see further deterioration in the following days?

• Read more