Where is Oil Landing??

Oil Movement

Since it's low from $49.50, Oil up to $99.29 261 FE target. For a while, sideways but after that absolutely break $99.29. Starting a new FE project, next near target is $164.14 261 FE target.
Oil significantly break the previous high $135.xx on Us Nonfarmpayroll releassed. Now oil at $137.750.
So What Happen when oil reach $164.14???
What will happen for US economy euro zone and global economy??