Oil may have a pressure point most traders aren't watching yet.

The current supply shock could start fading if Europe releases part of its reserves.

That would change the short-term balance between supply and demand—and crude could see another move lower.

The level to watch:

Below $90

If Brent and WTI start losing momentum around that zone, the market could shift from supply-fear to supply-relief.

$CL $BZ

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