In case you haven't noticed this is a topping pattern and $OXY failed to go higher and formed a second top. At the same time oil also failed to make new highs in 4 months and it's not apparent that Putin has much else he can do for oil price to justify staying at the same level.

https://twitter.com/tippiebot/status/1570033459086897153?s=20&t=KjsUIB5MwhQO8ewQB2EI7A