just to show you how funny the day to day noise on oil is today we got this
Wall Street surged higher Friday as oil retreated from this week's rally and after Federal Reserve Chairman Ben Bernanke indicated the central bank is unlikely to raise interest rates soon.
raising interest rates is bad for oil....keeping them flat is good for oil
as far as just taking that one issue rates into account...
yesterday it was up huge because of russia tensions
even though oil was lower than it is now when russia and georgia were throwing around bombs