Oil rallies above its $95 support, hitting $100. I caught a short position and long position as a hedged play. Natural gas prices are diverging from the oil price as Europe enters an energy crisis before Autumn/Winter. Oil maybe used for heating on tighter gas supplies. The oil sell off has spluttered out.

(Chart 1)

(Chart 2)

I caught a both short and long hedged position on the oil price, short was when the price hit a low of $93 with the long set at $94, both closed out in the green.  Refer to Chart 1.   The oil price/s rallied above, WTI hit $100 and the Futures topped out at $99, with the price stabilizing above its $95 support.  Due partly to U.S. Dollar weakness and output via OPEC not going to offset the Russian cap/sanctions on Russia's oil exports.   The other issue is both technical and fundamental, please refer to Chart 2, which shows Gas futures that are now diverging from the oil price, note ascending blue line, with the Gas price at $113, which will impact the falling oil price thus dragging up prices on tightening output and increasing demand, this extreme divergence is most likely tied into the energy crisis that is facing Europe on the possibility that Russia will cut it's gas exports to Western Europe re:  the Ukraine/Russian war.  Putin's 'Put' is well in effect. Gas traditionally for heating is a cheaper alternative to oil, thus showing how dire the energy crisis in Europe could be with a looming winter.