On Wednesday, crude oil gained almost 3% after another decline in crude oil inventories. Thanks to these circumstances, light crude invalidated earlier breakdowns and closed the day above the 50-day moving average. What does it mean for the commodity?

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On Tuesday, crude oil wavered between small gains and losses as uncertainty around the U.S. weekly crude and refined products stockpiles weighed on investors’ sentiment. Will we see a breakthrough in the coming days?

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Although crude oil moved higher after the Monday’s markets open, the first resistance stopped oil bulls, triggering a pullback. What does it mean for the commodity?

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Crude oil has been moving back and forth for a few weeks now, which is in tune with what we’ve been expecting to see, but since it now moved to the rising support line (based on February and August lows, things may have changed. Was this really the case?

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