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I don't know anything about options and derivatives. But I do notice that over the last few years, traders and speculators have tried their best to keep oil at about $100 a barrel. When it goes up, there's profit taking. When it drops to $90-$95, within days it's back to $100 for no reason.
They've tested the high limit at $140 and saw that we wouldn't/couldn't accept it [$4.00 gas but they know we will pay $3.50-$3.75] and it's back down to $100
They are increasing because people are still traveling and the winter hasn't set in yet. Wait to X-mas and you will see it drop. Same for the election year unless Obama so loses that as well that the whole thing blows up.
It did drop to 85.00 a barrel not too long ago but its up to 97.13 a barrel.
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