On Friday, crude oil gained 1.23% as the combination of solid Japanese data, a weaker greenback and another drop in U.S. rig count supported the price. In this way, light crude bounced off the Feb lows and posted the first monthly gain since last June when oil prices began declines. Is this as bullish sign as it seems on the first glance?

• Read more

On Thursday, crude oil lost 4.13% as a stronger U.S. dollar weighed on the price. As a result, light crude slipped below its major support line and closed the day under $50 once again. What’s next?

• Read more

Although crude oil moved lower after the market’s open weakened by a bearish EIA weekly report, the commodity rebounded sharply as the combination of positive Chinese data and Saudi Arabia's oil minister commentary supported the price. Thanks to these circumstances, light crude invalidated the breakdown below its major support line, but is it as bullish news as it seems at the first sight?

• Read more

On Tuesday, crude oil lost 0.45% as ongoing worries over a supply glut in the U.S. pushed the price down. In this way, light crude slipped below its key support line and closed the day below it. Does it mean that lower values of the commodity are still ahead us?

• Read more

On Monday, crude oil lost 2.70% as ongoing concerns over a supply glut and a stronger greenback weighed on the price. As a result, light crude extended declines and tested its key support line. Will it withstand the selling pressure in the coming days?

• Read more