Bears may tighten grip on OMC stocks as Crude Oil trades at 6-week high

Oil prices surged for the 6-consectuive week, climbing a 3-month high post displaying a strong accumulation near $70 per barrel from March to June of this year. 

This is the sharpest and straight up jump the Brent Crude has observed following an intense sell-off since March 2022. Technically, a breakout over $90 could accelerate the next move to $100 per barrel.