WTI oil continues its choppy sideways price action. However, we still remain bullish and our targets remain unchanged. Our short term price target is 67.50 USD per barrel while our medium term price target is 70 USD per barrel. We expect demand to pick up over the summer as travel curbs will ease and people will start to travel more. In addition to that oil failed to fall on headlines of Iran coming back to the market. We interpret this as very bullish.