It will come down. I read an article on the amount of hedge funds trading oil and the traders are trading more share on the Euro desk than the american desk, because we have a limit. Some are trading on both and the price gets bounced around like a tether ball on a rope.

The biggest reason it went up was the comments from Israel and Iran. I think the dollar fell again a little bit after the Fed chair inserted his foot.
Oil had dropped for two or three days in a row. Its common to buy the dip on an upward trend.

Another broker just made the prediction of 150. That give cowards with money a reason to play. Wallstreet says they want McCain, but they will elect OBama if oil stays up.