"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.

Global oil prices briefly touched $90 per gallon early on Monday before both countries signaled a willingness to resume talks.

"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.

After declining for weeks, gas prices are rising again.