Pain until at least DecemberI once again underestimated the ability of US trade desk to control the oil prices when truly needed. They need to show that the Democrats have everything under control before the elcetion and they do at least when it comes to the oil prices.
Prepare for very difficult 3 months or perhaps more. BTW with all of that said it would be better if Harris won for the oil prices long term. Trump will brutalize entire energy market if he wins. Cheap oil is the only thing that keeps petrodollar afloat.
History always repeats itself. Soviet Union before its collapse had similar energy policies - keep prices of oil and gas/diesel super cheap to stimulate domestic economy. That only prolonged the pain and at the end led to a devastating result.