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You're quite right that meteorologists should be employed by the oil companies rather than economists.
It's true that weather behaviour in Northern hemisphere does have big impact on the crude / fueloil price curves, especially going into the fall/winter season.

I think there is a growing consensus that crude prices have bottomed out and could firm a little on the back of better OPEC discipline and winter coming. Having said that, on the down side we have Russia ( aggressive exporters of crude etc..) and the Asian crises continuing to erode demand there.
All in all, range $12-15/barrel for Brent remains my view on next 4-6 months.

By the way, 80F = (80-32 ./. 9 x 5 ) = 26 C......I can't believe people keep the thermostat that high !!
At that temp. we run the airco unit here to cool off!
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