A rising market between Aug. 1 and Oct. 31 would favor Hillary Clinton, while a decline would point to victory for Donald Trump. » Read More
The speculation comes amid a fresh round of criticism the outspoken New York businessman has lobbed at the Fed.
The commodity's prices could quickly dive to $40 or lower if OPEC members leave Algeria on Wednesday without any promise of a deal.
Many on Wall Street agree with Donald Trump's criticism that the Fed waited too long to raise rates.