Here we give some reseasons why we see oil ~54$ and what will follow after! of course, this is after as we said 59-60 touch!
The first reason is too fast it flew up and what's going up has to go down (at least a bit) so we see 1-3 dollars below the top mark 58.5 so we get 56.5$ but this is not the end.
Dollar rise also makes other countries to chose not WTI so we will see another drop of 1 dollar to 55.5$ but this is yet not the last point in the story of oil.
Opec+ how much more Russia and other open countries can maintain its cut while American companies advance to more production we will see some fewer cuts and more production from Russia as we see what happened with King Putin and him been almost over throned! so he needs to fuel more his billionaire friends.
And the last issue is airplanes still not fly as they were and we still have more Covid Variations that can turn it all down!