On Friday, crude oil gained 2.30% as Thursday’s Saudi Arabia energy minister’s comments continued to weigh on investors‘ sentiment. In this environment, light crude invalidated earlier breakdown under a support zone and closed the day above $44. How high could the commodity go in the coming week?

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Crude oil declined on Wednesday only to shoot up with vengeance yesterday, exceeding the previous August highs. Still, crude oil declined a bit before the session was over, so many investors are wondering if the rally is already over – is this the case?

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Crude oil declined yesterday and that was the most visible daily downswing since the beginning of August – is this a start of another big downswing?

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On Tuesday, crude oil pared some of previous gains ahead of the weekly crude inventory reports. As a result, light crude lost 0.58%, but despite this drop the commodity closed the day above the previously- broken lines. Will we see further iprovement in the coming days?

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On Monday, crude oil gained 2.92% as speculation of potential late-September freeze from OPEC affected positively investors’ sentiment. In this environment, light crude came back above $43 and invalidated earlier breakdown under short-term support. Will this event encourage oil bulls to act later in the week?

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