Traders Perspective:

we're going to take out this week's highs.

If these numbers are correct, we may see 90-

the bids are just too high. We saw a jump from 81-84 in an hour from the bidding to get the oct contract.

Likely monday may see one of the usual "V" patterns that we have seen all over the commodities sectors recently. Tuesday, folks will be trying to beat the inventory report, and before the inventory report it could get even worse, and afterwards, looking at this recent news data point, its going to be another very bad week with a very large draw on both crude and gasoline. the MSM is going to try to focus on heating oil, but crude is where the attention is. But the numbers are there for everyone to see. Likely short covering rally after the report, which could take us lord knows how high. Maybe another "V" pattern thursday as those who really need the contracts, and not the hedge funds, will have learned from their mistake this week and be buying heavily after the inventory report to beat the rush.

And the week after and after that likely more rallies.

I think this is without the effect of geo-political events which would have us see 100 in matter of minutes. This is the world we live in.