On Monday, crude oil moved lower once again as a stronger greenback and disappointing Chinese data weighed on the price. As a result, light crude lost 3.14% and hit a fresh multi-month low. What’s next?

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On Friday, crude oil declined sharply after news that production among OPEC members in July pushed supply at the oil cartel to its highest level in seven years. In this environment, light crude lost 3.45% and re-tested the Jul low. Where will oil bears take the commodity in the coming days?

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The crude oil market has been declining in the previous days and weeks but yesterday we saw something quite different – crude oil ended the session higher than on the previous trading day. Is this just a pause within the decline or a major bottom?

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On Monday, crude oil extended losses as supply concerns continued to weigh. Thanks to these circumstances, light crude lost 2.04% and hit a fresh multi-month low. Where will oil bears take the commodity in the coming days?

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On Friday, crude oil extended losses after bearish Baker Hughes report. As a result, light crude lost 1.82% and hit a fresh multi-month low. Where will the commodity head next in the coming days?

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