Without a doubt, the previous week was the best week of 2017 for oil bulls. In that time, the black gold gained 5.48% and invalidated the earlier breakdown under the psychologically important barrier of $50. Is it enough to trigger another bigger move to the upside? Has anything changed in the relation between light crude and gold? We invite you to check our Oil Investment Update. Have a nice read.

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After many weeks in an exhausting consolidation oil bears finally became strong enough to push the price of crude oil lower. Thanks to the recent moves, light crude not only broke below the short-term support levels, but also declined under the barrier of $50. Does it mean that the way to lower levels is open? If so, how low could the black gold go in the coming weeks?

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Crude oil has been moving back and forth in the past few weeks as signs of coordinated OPEC and non-OPEC producers’ cuts in oil output and the Baker Hughes’ reports continued to weigh on investors sentiment. Will we finally see a breakthrough in the coming week? We invite you to check our Oil Update. Have a nice read.

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Although crude oil hit a fresh high at the beginning of the year, this improvement was very temporary and we saw a sharp decline on the same day. In the following days, oil bulls tried to come back to the top, but they failed and the main question is whether we will see the oil at fresh peaks in the coming weeks or not? Is it possible that the relationship between crude oil and precious metals give us clues about future moves? We invite you to check our Oil Update. Have a nice read.

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The most important event for the oil market since 2008 is already behind us. Last week’s OPEC cut deal fuelled hopes among investors and produces that the global oil glut can finally begin to shrink, which pushed the price of crude oil sharply higher and resulted in a fresh 2016 high. Despite this undoubtedly positive decision, we should keep in mind that this year’s reduction was much smaller in comparison to 2008 (as a reminder, back then the cartel agreed to cut 2.2 million barrels per day). Additionally, Libya and Nigeria are exempted from making cuts and their production increased by 140,000 barrels per day in the previous month. On top of that, drilling activity in U.S. is still accelerating. Will crude oil climb any further in these circumstances? We invite you to check our Oil Update. Have a nice read.

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