On Wednesday, light crude lost 1.60% as combination of unexpected increase in crude oil inventories and a stronger greenback affected negatively the price of the commodity. As a result, black gold came back to the previously-broken Nov highs, but is it enough to trigger further deterioration?

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On Tuesday, crude oil extended gains as bullish note from Goldman Sachs, production disruptions in Nigeria and increased political instability in Venezuela continued to weigh on investors’ sentiment. What are the implications?

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On Monday, crude oil extended gains after Goldman Sachs said the market moved into deficit in May due to falling production. In this environment, the commodity approached the level of $48. Will we see further rally?

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On Friday, crude oil lost 0.34% after the OPEC’s Monthly Oil Report showed that crude oil production increased by 188,000 barrels per day in the previous month. As a result, the commodity closed another day under the resistance zone. What’s next?

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Although crude oil extended gains and hit a fresh 2016 high, the long-term resistance zone continues to keep gains in check. Will it withstand the buying pressure in the coming week?

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