With the mid-term elections only a few days away, crude oil futures continue to hug the $58.00/bbl mark. Yesterday, crude oil futures traded down after the EIA inventory report revealed a build in crude inventories.

Kuwait's oil minister said OPEC should wait before making another supply cut. Oh is that so? Wait until when? After the election?

Now that additions to the Strategic Petroleum Reserves have been temporarily suspended (another pre-election move), its only natural to assume that the reserves will resume their supply build after the elections.