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GasBuddy News Article

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Crude Rises 2% Following Bernanke Remarks

Dow Jones Newswires --
Oil prices rose 2% on Friday after a closely watched speech by the Federal Reserve chairman that left the door open to additional stimulus, but stopped short of announcing a specific plan.

Oil futures for October on the New York Mercantile Exchange settled at $96.47 a barrel, up $1.85, or 2%. Brent oil futures for October settled at $114.57 a barrel, up $1.92, or 1.7%.

Market participants said Federal Reserve Chairman Ben Bernanke's speech contained enough signals that the Fed would act to push crude and other commodities higher.

"It's just a big all-around commodities-up day," said Fred Rigolini, vice president at Paramount Options. "Any time there's talk of stimulus, it's bullish for oil."


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Submitted Sep 01, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude Rises 2% Following Bernanke Remarks Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 4, 2012 10:07:39 PM

lots of specutraitors coughing?
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DrCashFlow
Champion Author Massachusetts

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Message Posted: Sep 3, 2012 2:29:35 AM

Noise
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Ticobird
Champion Author Huntsville

Posts:5,043
Points:1,642,950
Joined:Oct 2009
Message Posted: Sep 1, 2012 5:23:36 PM

Gas prices up or down, nobody really knows what is going to happen all of the time. I'm amused the media even tries to make us believe they know and are passing along inside information to us.
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Pramodsharma
Champion Author Richmond

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Message Posted: Sep 1, 2012 4:58:07 PM

When we have economy expert friends like Bernanke we do not need enemy!
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Night Owl
Champion Author Toronto

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Message Posted: Sep 1, 2012 1:55:33 PM

Greedy oil speculators continue to set the price of oil to whatever they feel like.
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gknee09
Champion Author Philadelphia

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Message Posted: Sep 1, 2012 1:15:16 PM

he pulled the strings and the puppets danced
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JPGASMAN
Champion Author Ohio

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Message Posted: Sep 1, 2012 12:32:12 PM

k
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Jeffro61
Champion Author Cleveland

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Joined:Oct 2005
Message Posted: Sep 1, 2012 12:29:38 PM

Speculation
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caddilac
Champion Author Ontario

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Joined:Apr 2007
Message Posted: Sep 1, 2012 12:08:33 PM


"Any time there's talk of stimulus, it's bullish for oil."

"Any time there's talk by a government agency it is always BULL.
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BudsterMO
Champion Author Kansas City

Posts:6,246
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Message Posted: Sep 1, 2012 11:59:55 AM

Stop Oil Speculation (SOS) NOW!
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gamalerin
Champion Author Tampa

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Joined:Jul 2010
Message Posted: Sep 1, 2012 11:54:52 AM

Thanks Bernanke,You gave them a reason to rise the price again.
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genie_racing
Champion Author Colorado

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Message Posted: Sep 1, 2012 11:53:15 AM

Maybe Bernanke should keep his mouth shut? Maybe they ALL should keep their mouths shut.
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SUV2009
Champion Author Orlando

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Message Posted: Sep 1, 2012 11:45:55 AM

ok
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snappytom2
Champion Author Corpus Christi

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Message Posted: Sep 1, 2012 11:43:28 AM

You can hear the Wall Street pigs gorging themselves at the money trough.
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njerald
Champion Author Seattle

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Message Posted: Sep 1, 2012 11:39:58 AM

It's just the Liberal Way
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Hangnail309
Champion Author Manitoba

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Message Posted: Sep 1, 2012 11:37:48 AM

no end of excuses why gas prices go up and not down!
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10k
Champion Author North Carolina

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Message Posted: Sep 1, 2012 11:36:01 AM

bigrigAZ:

h*ll yeah..i sure wish your governor had run against the dictator-in-chief this year..i don't live in arizona, but she sounds like she has sense, and most of all A LOVE FOR THE UNITED STATES..y'alls terrorist president has A LOVE TO UN-UNITE THE UNITED STATES..

legal, intelligent voters only pls this november..
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INBwana
Champion Author Indiana

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Message Posted: Sep 1, 2012 11:36:00 AM


Up and Down, down and up. Who knows what it will be tomorrow?
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Sam195
Champion Author San Bernardino

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Message Posted: Sep 1, 2012 11:35:58 AM

Another early Christmas present from the Federal Reserve Bank.
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IMLURCH
Champion Author Minnesota

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Message Posted: Sep 1, 2012 11:35:15 AM

Consumers get it stuck in their rears again.
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Lizzylou
Champion Author Stockton

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Message Posted: Sep 1, 2012 11:33:28 AM

NOT GOOD TO HEAR!
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jd2009
Champion Author Honolulu

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Message Posted: Sep 1, 2012 11:32:17 AM

Ok
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McClintock853
Rookie Author Omaha

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Message Posted: Sep 1, 2012 11:31:24 AM

Like I have always said, "Saddle Up" - ride a horse.
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oldiesman
Champion Author New York

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Message Posted: Sep 1, 2012 11:31:02 AM

Bernanke speaks with forked tongue, don't trust.
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CheckitoutGuy
Champion Author San Diego

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Message Posted: Sep 1, 2012 11:30:51 AM

One good thing with a change in national administration - Bernanke might not be back!
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H2OBurner
Champion Author Utah

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Message Posted: Sep 1, 2012 11:25:45 AM

k
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chyguy3
Champion Author Wyoming

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Message Posted: Sep 1, 2012 11:24:51 AM

Agreed in toto, bigrigaz.
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beachmanglen
Champion Author Tampa

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Message Posted: Sep 1, 2012 11:24:47 AM

I agree, Bernanke needs to go.
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bigrigAZ
Champion Author Phoenix

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Message Posted: Sep 1, 2012 11:22:18 AM

Bernanke should keep out of it. "talk of stimulus is bullsh** for the people. 2 million jobs - where? In the federal gov't where they get 6 figure salaries. Lots of people unemployed in the last 3 1/2 years and people like Bernanke spread Bull because it doesn't affect him. Taxpayers pay for all the gas used in washington and then have to pay more at the pump. They should be able to pay for their own cars and gas when the money that they get overpaid for. Millions of dollars for Air Force one and two and helicopters and motor homes to drag all the deadweights in gov't to parties and Hawaii in winter and million dollar vacations. If you work for a company and you have to use your own car you can get mileage reimbursement so much per mile. This is not good enough for politians. VOTE SMART in NOVEMBER.
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BumpinButch
Champion Author Texas

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Message Posted: Sep 1, 2012 11:20:45 AM

Bicycle rides to work and trips anyone? Or $5.00 gas per gallon in the cars/trucks/suvs?
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Double_Golden
Champion Author San Francisco

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Message Posted: Sep 1, 2012 11:19:53 AM

we need another chairman of Fed. Reserve...
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ARCO
Champion Author Pittsburgh

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Message Posted: Sep 1, 2012 11:19:51 AM

JUST CRAZY
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me2002
All-Star Author Toledo

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Message Posted: Sep 1, 2012 11:19:39 AM

Near 50 cents per gallon here for labor day.
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muquee
Champion Author Harrisburg

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Message Posted: Sep 1, 2012 11:19:29 AM

2% equals much more to us.
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nemoFL
Champion Author Florida

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Message Posted: Sep 1, 2012 11:16:18 AM

10% 0n pump prices then
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zaq001
Champion Author Atlanta

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Message Posted: Sep 1, 2012 11:14:58 AM

ok
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2gjh
Champion Author North Dakota

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Message Posted: Sep 1, 2012 11:14:23 AM

speculation
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slayur
Champion Author Chicago

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Message Posted: Sep 1, 2012 11:13:32 AM

GREEEEEED
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crmedic
Champion Author Arkansas

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Message Posted: Sep 1, 2012 11:13:10 AM

Who would have thought it?
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032946
Champion Author Twin Cities

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Message Posted: Sep 1, 2012 11:12:36 AM

Nothing but speculation and GREED!
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ggordo
Champion Author Long Island

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Message Posted: Sep 1, 2012 11:11:35 AM

the greed continues
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arcaneradio
Champion Author Michigan

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Message Posted: Sep 1, 2012 11:10:18 AM

k
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Cachase1
Champion Author Oklahoma City

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Message Posted: Sep 1, 2012 11:10:16 AM

It will be impossible to obtain an economic recover with high energy prices.
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rjoeh
Champion Author Michigan

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Message Posted: Sep 1, 2012 11:10:06 AM

Sounds like anorher misspeak by the current administration.
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TopGunn
Champion Author Baltimore

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Message Posted: Sep 1, 2012 11:08:58 AM

GREEDY speculators in action - still!
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GLM4205
Champion Author Toledo

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Message Posted: Sep 1, 2012 11:08:08 AM

Bernanke should keep his mouth shut and his printing presses off!!
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FuelOilOH
Champion Author Cleveland

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Message Posted: Sep 1, 2012 11:04:50 AM

It would be funny if after Romney (I hope) gets elected crude future start to fall as if they're shaking in their boots.
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littlebigboy
Veteran Author South Dakota

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Message Posted: Sep 1, 2012 11:04:44 AM

He is lost and should just keep his mouth shut
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AC-302
Champion Author Los Angeles

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Message Posted: Sep 1, 2012 10:59:48 AM

Wait, wait.. we're going to have a stimulus package when we're broke and overspending by a trillion bucks a year. Huh?
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clpassenubye
Champion Author Los Angeles

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Message Posted: Sep 1, 2012 10:59:03 AM

why?
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