Draw your own conclusion after having a look at this.
1) the news flow is still very bad but WTI climbed more 36% from bottom. This could be expressing a lack of ability to go lower and be by opposition.
2) From a technical point of view, this would very much be an acceptable bottom
3) Going lower would offer too great an entry for strategic longs.
4) The positioning could be full of traders trying to sell on each rebound and getting fried.
Locally, a move to 60/61 looks likely, after which it shall recede but maybe to provide great long entries again.