Our assessment is that Saudi Arabia and Iran would agree to a deal and before that Oil would be under a Roller Coaster ride and is expected to test 44.70 - 44
But, at the end, it is expected to reach above 48 and closing the week can be at 50
oil has 2 big news which can push up oil towards 48-50
our sources at Reuters tell that Trump Government is likely to reinforce the sanctions on Iran, though this wouldn't be done soon.
Russian oil Minister Novak says big chances for OPEC to agree
but oil range seems very big now ...