Another Reason to Be Long On Oil Futures?

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OPEC is already grumbling about the decline of oil prices, and may schedule a special meeting in advance of its regular meeting in December. There are some who think that the meeting won’t be until the end of Ramadan on October 24th. But we haven’t seen much evidence that the Islamic holy days preclude having business meetings.
What’s more, former Democratic presidential candidate is predicting that the US will attack Iran before the midterm elections in November. Oddly enough, Ramadan probably will delay this attack until late October or early November. The Bush administration is actually very respectful of the religious sensitivities of the world’s Muslims.
October Surprise [Huffington Post]

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