I know it's frustrating, the price seems to be hold back by some force whenever the oil price retreats. There might be a short term pull back to $65 before the mid-term US presidential election since Trump do not want the oil price to go up before this election. However, with some of the events that entangle Trump with regards to tax evasion to rape..etc, Trump will do whatever to divert the media attention to win the mid-term election in Nov. With Nikki Haley resigned from UN, this simply free the US from the UN to stop them going to war with Iran as well as stopping China from getting oil from Iran, derailing China's economy. By then Oil price will spike.
SXY Price at posting:
47.0¢ Sentiment: None Disclosure: Not Held