Why has the price of oil suddenly started coming down again?

it says in the stock market report for american trade yesterday that shares had risen due to oil price reduction...


and that oil shares had decreased because of it..


do i get the feeling that there is more control on all of this than we are being told?Why has the price of oil suddenly started coming down again?
It started falling due to a report that Americans were driving 4.3% less this year than last. The idea is that American grumbling about gas prices while still shelling out the bucks for the same amount of gas really has no effect on prices, but Americans actually changing their behaviour due to gas prices will.





The past few years people have been complaining about gas prices going up, but they never stopped buying. And lets face it, if you're selling something, and you know that people will buy the same amount at a higher price, you'd be stupid *not* to raise the price and make more money for the same amount of sales. But if you know that people will buy less if the price goes up, then you're not so sure.





I remember analysis from a couple of years ago that said that gas would have to be $3.50-4.00 per gallon to really affect American's driving behaviour. I guess they were right then.Why has the price of oil suddenly started coming down again?
No. Nor in India. Congress is losing elections because of the oil price and other inflationary pressures.
some times its politics.