The oil prices managed to dip by incremental levels, going back to the $70 a barrel price range. Analysts still expect that the struggle this week is minor and the prices are expected to bullishly fluctuate this week; they also expect that the oil prices are looking to push a massive rally. Tallying this January its bet January yet.

Furthermore, a lot of speculations and forecasts are still pointing that the strong January can eventually buoy the oil prices to a stellar year; analysts expect that this might be the best year for the oil prices due to the continued positive from OPEC and non-OPEC countries.