Oil

The government says it will stop withdrawing oil from the strategic reserve at the end of October which some say is conveniently just before the election. The problem is that the international market which sets the price of oil will react before that time. At the same time OPEC has decided to reduce oil output by 2 million barrels per day and that will drive up the price. They are doing this in anticipation of slowing demand based on slowing world economies. Experts are trying to balance the expected slow down in the economy with the reduction in supply. If they guess right the price of gasoline should remain stable.