On Monday, crude oil lost 2.50% as worries over a global supply glut outweighed news from Libya where battling militias have closed ports. In these circumstances, light crude hit a fresh 2014 low and closed at its lowest level since May 2009. How low could the commodity go?

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On Friday, crude oil lost 1.27% as the combination of a stronger greenback and an unexpected surge in U.S. crude supplies continued to weigh on the price. As a result, light crude slipped below $55, but did this move change anything?

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Crude oil is finally showing some signs of strength. "Black gold" refused to decline even after USD Index moved to new highs for a few days in a row. Is the turnaround just around the corner?

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On Monday, crude oil lost 4.14% after Saudi Arabia said at the weekend it would not cut output to support the price of the commodity. In these circumstances, light crude declined sharply, but is still trading above the recent lows. Will we see a rebound from here in the coming days?

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On Friday, crude oil gained 3.68% on news that Nigeria would reduce exports of its crude in February. As a result, light crude bounced off the recent lows and erased over 60% of Thursday’s decline. Did this increase change the short-term picture of the commodity?

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