Crude oil hovered around $75 a barrel in early February, and analysts expect it could head slightly down over the short term. Crude oil has been odd. Just when you think it's going to take off and run, it turns right back around and falls back down, says Darin Newsom, senior analyst at Telvent DTN. Spencer Patton, chief investment officer at Steel Vine Investments, says crude oil is disconnected from its supply and demand fundamentals. Hedging crude oil and waiting for prices to rise has been something that has kept an inordinate supply of crude oil available.