On Tuesday, crude oil gained 2.74% as weaker-than-expected U.S. data, expectations of strong demand for heating fuels and supply concerns pushed the price higher. Thanks to these circumstances, light crude climbed above $103 per barrel and hit a fresh 4-month high.

• Read more

On Monday, U.S. markets were shut for the President’s Day holiday. Therefore, what we wrote in our last Oil Trading Alert about the situation in crude oil is still up-to-date and today we’ll focus only on the technical changes in WTI Crude Oil.

• Read more

On Friday, crude oil moved lower as U.S. economic data and profit taking weighted on the price. Despite a temporary drop, light crude reversed and erased losses closing the day above $100 per barrel.

• Read more

On Thursday, crude oil declined after disappointing U.S. economic data, but reversed and erased earlier losses on expectations that an intense winter storm across the East Coast will increase demand for heating oil.

• Read more

On Wednesday, crude oil rose on better-than expected economic data from China and climbed to its highest level since late October. Despite an increase to a fresh monthly high, light crude reversed after the EIA data showed that crude inventories rose more than expected. In this way, crude oil lost 0.11%, but closed the day above $100 per barrel.

• Read more