Technically oil is in over bought territory. In the daily chart RSI showing over 70 level. STO. Also showing over bought level. Right now market is at fibo 61.8% retracement level. So before OPEC meeting we can expect some minor correction at least. If Saudi increase oil supply then a big drop may occur. We can see oil 50/54 Dollar/barrel again. Otherwise market may test 66 t0 70 Dollar/barrel again.