On Tuesday, light crude extended gains and climbed above $47 ahead of the release of the American Petroleum Institutes' weekly crude oil inventory report. As a result, the commodity increased to important long- and medium-term resistance lines. Will they manage to stop oil bulls in the coming days?

• Read more

On Monday, crude oil lost 0.67% as the combination of mixed economic data from China and a record-high production (which hit a post-Soviet record of 10.78 million barrels per day) in Russia in Oct. fuelled worries over a long-term supply glut and pushed light crude to an intraday low of $45.56. What’s next?

• Read more

On Friday, crude oil moved higher as a weaker greenback supported the price. In this environment, light crude came back above $46, but did this increase change anything in the overall picture of the commodity?

• Read more

On Thursday, crude oil lost 0.91% as uncertainty over the global glut of crude continues to weigh on the price. As a result, light crude tested the 50-day moving average and closed the day below $46. Will we see lower values of the commodity in the coming week?

• Read more

Yesterday, crude oil moved sharply higher after better-than-expected EIA report. As a result, light crude reversed and increased above $46. Did this rally change anything in the medium-term picture of the commodity?

• Read more