John Wilen Archive

Fed cuts increasing demand and lowering the dollar support crude prices

Oil futures jump back above $90 a barrel by John Wilen Oil futures jumped back above $90 a barrel Friday, adding to the previous session’s sharp gains on a view that the recession worries that pulled prices lower in recent weeks may have been overblown. So markets are now linking rising oil ...Read More

Tax cuts, oil prices, and gasoline consumption

Oil prices jump after Bush, Congress reach agreement on economic stimulus plan by John Wilen Oil futures jumped more than $2 a barrel Thursday after the Bush administration and Congressional leaders agreed to an economic stimulus plan that will give most Americans tax rebates of $600 to $1,200, or even more if ...Read More