Brent crude oil is on track for its third consecutive weekly gain as the market tightens due to supply curbs from Saudi Arabia and Russia. The global crude benchmark has surged past $94 per barrel, marking an increase of over 4% since last Friday’s close. Both the International Energy Agency and the Organization of Petroleum Exporting Countries have issued warnings this week about a market deficit persisting through the end of the year. Technically, the oil price oscillates at the bullish channel’s support line, with positive stochastic crossovers indicating potential upward momentum, targeting $90.00 and possibly extending to $91.65 upon breaching the former level.