After going on a wild ride yesterday with heighten volatility to the downside, it seems as though the oil market is not done selling off. Positive risk tone around the war has help crude oil to further drop lower while breaking some key supports. As of now, the momentum in the oil market could take us back to the March 16 lows of around $93. We clearly need to see the market bottoming out either at the current levels or lower before the bulls can come back.