[Boomer]

It will shoot back up to over $5 right after the elections in Nov.

[fieldmarshaldj]

And the Republicans will be promptly blamed for the increase.

[CapnJack]

“It will shoot back up to over $5 right after the elections in Nov.”

Or when the Strategic Oil Reserve is empty.

The little amount supplied by the SOR barley makes a dent in the daily usage, but it is the psychological effect it has on trading in the COMEX that has brought down the per barrel price in recent weeks.

The price drop surely has not been due to decrease in demand as has been said by the Refiners ... they are producing at full capacity.

[blam]

"It will shoot back up to over $5 right after the elections in Nov."

That's exactly my first thought.

How can it be otherwise when the whole world has a war against fossil fuels.