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self explanatory chart: Will oil gap up another 5% on Monday's open 10/16/2023 and breach $90 per barrel?

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Oil price holding bids at $86 on the Israel, Hamas war. With threats from iran backed groups in Syria and Yemeni, to attack U.S. assets in the region on any ISrael support. Dovish rhetoric from the Federal Reserve will assist in the oil price towards its $90 price resistance.

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Oil price goes bid on Russian and Saudi output cuts. U.S. oil reserves are at 8 month lows. Economic warfare could be heating up.

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