Well, …since the government gave Wall Street 100's of billions of dollars, they now have lots of money to start speculating on the oil futures market again. Notice when the financial collapse happened, oil dropped all the way to $45 from $145 (with relatively little drop in demand). Wall Street was out of money because so many of their speculative investments collapsed, but now with lots of money again, oil is going up again? Coincidence? I don't think so.
I would like to know which companies on Wall Street that received government bailout money are speculating on the oil futures market. That would make good political fodder.