While there is still plenty of room for crude oil to fall, and many reasons for it to do so, for the moment, it seems to have found its middle-ground pricing level.

Although the sector is still expanding, the pace of growth in the U.S. manufacturing sector slowed in August to its weakest in more than two years, according to an industry report.

Yes, we know the old advice – Buy on the rumor, sell on the fact. But crude isn’t exactly moving on rumor, and there are surely a lot of facts floating around. Yet, up go prices.