On Tuesday, crude oil lost 1.77% ahead of the release of the API weekly inventory report. As a result, light crude slipped slightly below the barrier of $30, hitting a fresh multi-year low of $29.93. What’s next?

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On Monday, crude oil lost 5.32% as another sizable decline in Chinese stock markets weighed on the price of the commodity. In this environment, light crude hit a fresh multi-year low of $30.88 and closed the day slightly above $31. Where will the commodity head next?

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On Friday, crude oil lost 1.14% as concerns over a global supply glut, the situation in China and the Middle East continued to weigh on investors sentiment. Thanks to these circumstances, light crude closed the week under the 2009 low. Does it mean that we’ll see a test of the barrier of $30 in the coming weeks?

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On Thursday, crude oil lost 2.35% as China sell-off fuelled worries over light crude demand. Thanks to these circumstances, the commodity hit a fresh Jan low and broke below the 2009 low. What does it mean for oil bulls?

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On Wednesday, crude oil lost 5.76% after larger-than-expected increase in gasoline inventories. Thanks to these circumstances, light crude broke below the Dec low and closed the day slightly above $34. Time for a test of the 2009 low?

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