I think we've got couple more weeks left on Oil Bulls if that. The Daily charts are overbought right now and it needs to find a way to correct. However the weekly's are bullish. We've got 2 more weeks. Crude should go to around 49 before correcting down towards 40 and staying sideways for a while. Putin has withdrawn from Syria. Most likely Putin reached a deal with the west and Saudi's in exchange for higher oil price. So as long as Putin doesn't cause problems then Oil stays high, if he starts meddling then, oil will tank again. Price of oil is driven by the Saudi's and it's very geopolitical.