On Thursday, crude oil rebounded from a 2-week low as better-than-expected U.S. economic data, Ukraine tensions and potential Libyan supply disruptions weighted on the price. Despite this bullish combination, light crude didn’t shoot up sharply. Does it mean that benefiting from the fundamental factors waned? If so, what’s next?

• Read more

On Wednesday, crude oil lost 0.25% after the EIA showed in its weekly report that crude stockpiles rose more-than-expected last week and stood at their highest level in 83 years. In reaction to this, light crude extended losses and dropped to slightly above $101 per barrel. Will the proximity to the psychological barrier of $100 encourage oil bulls to act in the near future?

• Read more

On Tuesday, crude oil lost 1.78% as concerns over another build in U.S. crude oil inventories overshadowed ongoing fears over tensions between Russia and Ukraine. Because of these circumstances, light crude declined sharply and invalidated the breakout above the medium-term resistance line. Will this strong bearish signal trigger further deterioration in the coming days? Which important support could stop sellers?

• Read more

On Monday, crude oil moved higher as better-than-expected economic data and ongoing concerns over the Ukraine crisis weighted on the price. Despite these circumstances, light crude reversed and lost 0.23%. Does this mean that investor sentiment waned or can we still see a sizable upswing in the near future?

• Read more

On Thursday, crude oil gained 0.76% as the escalating conflict in Ukraine weighted on the price. Thanks to this news, light crude bounced off an important support/resistance line. Will it increase further with the tensions in the background? Does yesterday growth change the outlook for the commodity?

• Read more