No Political Party would short oil. But to achieve a lower crude oil price going into a political season, the Monetary and Central Bank authorites at the behest of the political structure might well. In fact, take six months of oil at an average of $130 and six months @ $95.00 and what do get. Kind of like $112.50 for an average. You judge. Was there a possibility of an arranged deal?
The average is a fair bit higher than last year but, during the election period a lot lower than what people had gotten used to in the first six months. Misson accomplished both for the oil producers and the political interests.
Forgive my conspiritorial mind but, I might just be close.
Brian