Crude oil price soared strongly affected by the data coming from OPEC, saying that the organization is ready to talk to Oil Producing Countries to detect the “ fair prices “, besides, USA announced that it will decrease their Oil production by 100,000 barrels a day, which affected the price positively and rallied strongly to upwards, with signals on turning the main track to the upside.

The price touched 49.29 level as today’s top before bouncing bearishly and move near 48.00$ per barrel barrier now.