Reuters - I don't see it (the Fed Rate cut) affecting oil. Interest rates are a very poor tool for managing petroleum demand. It's a very blunt instrument as far as the oil market goes. The market pulled back a bit on news that the cut was only a quarter. I don't think there is a strong enough link between interest rates and oil demand especially within 6 months of a rate cut. Fed policy takes a long time to work its way through the economy. I don't seen anyone bumping up the miles they drive base on the interest rate cuts.
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