Greenspan comments boost US stocks

Stocks got a lift from Federal Reserve Chairman Alan Greenspan today, rising modestly after he said the recent climb in oil prices was already curbing demand for crude. Oil futures dropped sharply on the news.

Greenspan comments boost US stocks

Stocks got a lift from Federal Reserve Chairman Alan Greenspan today, rising modestly after he said the recent climb in oil prices was already curbing demand for crude. Oil futures dropped sharply on the news.

Speaking before a group of US petrochemical producers, Greenspan said more refining capacity was needed around the world, but that energy demand was already starting to soften, a trend that could help bring prices down.

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