The oil market's alignment with rising equities prices "smacks of renewed risk-acquisition behaviour...after or even despite the Greece-Portugal-Spain scare," said Brad Samples, analyst at Summit Energy.
"The market doesn't seem so bothered because distressed countries may be treated like distressed banks: 'Too big to fail.' This could prove a dangerous assumption to trade on, though. I think the probability of a major correction in risky assets continues to increase."
http://www.theaustralian.com.au/business/markets/oil-prices-jump-to-two-week-high/story-e6frg91o-1225860433617
http://online.wsj.com/article/BT-CO-20100429-719017.html?mod=WSJ_latestheadlines
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