G7 Russian oil caps on the way, may blow the price out to $200 a barrel. Putin could cut supplies before the cap. Trade On.

As mentioned in this post, oil has reclaimed the $110 support heading back towards $113 resistance.  With market chatter via analyst/s making the call that oil will hit $200 on the G7 capping the price of Russian  oil. Akin to broad price controls when governments implement when getting desperate with inflation, Putin, and I agree with what the analysts are saying, could cut supplies before the cap.  Removing the 11.3 billion-barrels-a-day from Russian exports which feeds into oil market.  The Middle East could fill the cap, but it would be sold into the market at an extraordinary high premium.   

Trade on, above chart from $110 to 111.00. 

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Trade with caution.