On Monday, crude oil lost 2.91% after Iranian Oil Minister and Russian energy minister comments. As a result, light crude invalidated earlier breakout above important resistance levels and closed the day below them. What’s next?

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On Friday, crude oil gained 1.24% as rig count declined to the lowest level ever. Thanks to this news, light crude hit a fresh March high, but will we see further rally in the coming week?

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On Thursday, crude oil lost 0.42% as uncertainty around a meeting between OPEC and non-OPEC oil producers later this month weighed on investors’ sentiment. As a result, light crude closed the day slightly above $38. What’s next?

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On Wednesday, crude oil reversed and gained 5.09% after the EIA report showed a smaller-than-expected increase in U.S. crude oil inventories (compared to the API report released late Tuesday). As a result, light crude reversed and hit a fresh March high. What’s next for the commodity?

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On Tuesday, crude oil lost 4.34% as bearish news from Kuwait and Goldman Sachs warnings weighed on investors’ sentiment. Thanks to these circumstances, light crude came back under the Aug low and invalidated earlier breakout above the Jan highs. What does it mean for the commodity?

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