Greenspan downplays oil’s effect on economyFederal Reserve Chairman Greenspan says more refining capacity needed, worldwide energy demand starting to soften Michael J. Martinez Associated Press Business Writer
Stocks got a lift from Federal Reserve Chairman Alan Greenspan April 5, 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 U.S. petrochemical producers, Greenspan said more refining c....
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