What Does U.S. Economic News Mean For Oil?

As a rule, I try to stay focused on energy here, and reference broad economic conditions only as one of the many factors that influence those markets. In that context, any single economy, even one as big as the U.S., is not that significant. Right now, though, fears about global growth are dominating oil prices, and the U.S. remains one bright spot in an otherwise sluggish global picture. Data released Friday morning, however, suggest that that may be changing, so a look at the U.S. economy is justified. The jobs report released by the U.S. Labor…