Oil Futures Up on Obama's State of the Union address

Filed under: Economic Data, Financial Crisis

Last
night was President Obama's first State of the Union address.
Already, the oil market is benefiting from the speech, as it
gave a sense of optimism for the economy, according to some
analysts. That is, if you can call a 23-cent jump in futures a
benefit.

The speech stressed job creation and the belief that the worst of
the economic crisis is over, which has trickled over to investors
(and who said trickle-down economics don't work?). Combine last
night's Presidential address with the Fe…