If oil is over $100 and more importantly US gasoline prices over $5 / gallon in many swing states, the Democrats probably lose the mid-terms .
Now they have jaw-boned prices down with the SPR release (that ends in Oct just before the mid-terms) , rising interest rates / strong dollar, and, ironically, thanks to China’s multiple Covid lockdown(s), global demand had slowed too.
With the pressure off gasoline prices (at least dropping now) Biden & the Democrats probably now have a decent chance of winning the Senate and maybe 50/50 in Congress.
After November all bets are off.
If oil is over $100 and more importantly US gasoline prices over...
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$1.63 |
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Mkt cap ! $1.314B | |||
| Open | High | Low | Value | Volume |
| $1.65 | $1.66 | $1.62 | $3.151M | 1.922M |
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| 8 | 29710 | $1.63 |
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| Last trade - 11.52am 20/06/2024 (20 minute delay) ? |
| KAR (ASX) Chart |