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Prices drew support from data showing a bigger-than-expected drawdown in crude stockpiles last week.
So the stage seems set for a significant drawdown in the next few years.
The drawdown in U.S. troops in Afghanistan is about to begin.
And a transition is under way to the almost inevitable American drawdown in 2009.
Even with a potential drawdown in Iraq, the military is being stretched ever thinner.
Obama has completed the drawdown in Iraq that was begun under his Republican predecessor.
Obama announced on Tuesday that he will delay his long-promised US troop drawdown in Afghanistan.
In Afghanistan, the American presence ramped up in 2009, followed by a drawdown in 2011.
President Obama has concluded the American combat role in Iraq and is beginning the drawdown in Afghanistan.
Military payrolls have been declining almost every month since November 2011 in response to the drawdown in American wars abroad.
The next drumbeat will be to oppose a significant drawdown in Afghanistan, which is clearly designated as "Obama's war".
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