Although crude oil moved lower after the markets open on Friday, a weakening greenback supported the price of the commodity in the following hours. In this environment, light crude 1.12%, but did this increase change anything in the overall picture of crude oil?

• Read more

On Thursday, crude oil extended losses and slipped to $41 as the bearish EIA report (which showed that U.S. crude oil inventories increased after nine consecutive weeks of declines) continued to weigh on investors’ sentiment. In this environment, light crude lost 1.86% and approached the200-day moving average. Will it manage to stop oil bears in the coming days?

• Read more

On Wednesday, crude oil lost 2.33% after a bearish EIA weekly report, which showed unexpected increase in U.S. crude oil inventories. As a result, light crude dropped under Apr lows and closed the day under $42. Will oil bears manage to push the commodity lower in the coming days?

• Read more

On Tuesday, crude oil extended losses as concerns over global glut of crude and refined products continued to weigh on investors’ sentiment. As a result, light crude lost 0.49% and closed the day below $43. Will we see further deterioration in the coming days?

• Read more

On Monday, crude oil lost 2.40% as continued worries over global glut of crude and refined products weighed on the oil market. In this environment, light crude dropped under the key short-term support line and closed the day below it. What does it mean for the commodity?

• Read more