But inventories are lower than they've been in a very long time. Is it possible that the PPT is using every trick in the book to finagle oil prices lower for about one more month to stop a major uprising on election day? In 2006, this is exactly what they did.

That being said, I looked for support just above this level - expected sub-$95 oil when we were parabolic, but did not expect a double dip below $90. I thought the bottom was in earlier.

Guess we'll know in a month.