Grease and flour a tube pan. Preheat oven to 350 degrees F. In a bowl attached to a stand mixer (or with a hand mixer), mix together oil and sugars for about 3-4 minutes. Add in eggs, one at a time and beat until creamy. Add in vanilla extract, molasses, and pumpkin and beat for 2 minutes. With mixer on low, add in dry ingredients: flour, baking powder, baking soda, salt, and cinnamon and mix until just combined.