Is the price of oil going to go down now?

Question

Is the price of oil going to go down now?

Answer 1

Maybe?

Answer 2

In my opinion, it is going to be in the range of 118 - 130 for a while and then head higher.

Answer 3

I think we've hit the peak for the moment.   People weren't really outraged when gas hit $3.00 a gallon.   $4.00 if finally changing driving habits and buying smaller cars.  Demand should slow for now.  Speculators are the main reason the oil climbed so high to begin with so the short term drop should come quick.