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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
honda0105
Champion Author Tallahassee

Posts:24,320
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Joined:Nov 2008
Message Posted: Sep 4, 2012 9:07:39 PM

lots of specutraitors coughing?
DrCashFlow
Champion Author Massachusetts

Posts:10,308
Points:2,416,860
Joined:Jun 2008
Message Posted: Sep 3, 2012 1:29:35 AM

Noise
Ticobird
Champion Author Huntsville

Posts:5,567
Points:1,826,465
Joined:Oct 2009
Message Posted: Sep 1, 2012 4:23:36 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.
Pramodsharma
Champion Author Richmond

Posts:5,214
Points:1,169,795
Joined:Feb 2012
Message Posted: Sep 1, 2012 3:58:07 PM

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

Posts:10,835
Points:2,596,955
Joined:Jul 2004
Message Posted: Sep 1, 2012 12:55:33 PM

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

Posts:1,039
Points:978,470
Joined:Jul 2009
Message Posted: Sep 1, 2012 12:15:16 PM

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

Posts:2,628
Points:559,365
Joined:Mar 2012
Message Posted: Sep 1, 2012 11:32:12 AM

k
Jeffro61
Champion Author Cleveland

Posts:5,190
Points:3,014,445
Joined:Oct 2005
Message Posted: Sep 1, 2012 11:29:38 AM

Speculation
caddilac
Champion Author Ontario

Posts:20,371
Points:2,950,185
Joined:Apr 2007
Message Posted: Sep 1, 2012 11:08:33 AM


"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.
BudsterMO
Champion Author Kansas City

Posts:6,996
Points:1,486,005
Joined:Aug 2009
Message Posted: Sep 1, 2012 10:59:55 AM

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

Posts:8,109
Points:1,822,965
Joined:Jul 2010
Message Posted: Sep 1, 2012 10:54:52 AM

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

Posts:14,890
Points:1,591,315
Joined:Jul 2006
Message Posted: Sep 1, 2012 10:53:15 AM

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

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Points:1,900,145
Joined:Oct 2009
Message Posted: Sep 1, 2012 10:45:55 AM

ok
snappytom2
Champion Author Corpus Christi

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Joined:Jul 2008
Message Posted: Sep 1, 2012 10:43:28 AM

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

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Message Posted: Sep 1, 2012 10:39:58 AM

It's just the Liberal Way
Hangnail309
Champion Author Manitoba

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Points:2,468,050
Joined:Aug 2006
Message Posted: Sep 1, 2012 10:37:48 AM

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

Posts:25,800
Points:3,062,875
Joined:May 2006
Message Posted: Sep 1, 2012 10:36:01 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..
INBwana
Champion Author Indiana

Posts:14,754
Points:1,506,465
Joined:Apr 2011
Message Posted: Sep 1, 2012 10:36:00 AM


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

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Joined:Oct 2008
Message Posted: Sep 1, 2012 10:35:58 AM

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

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Joined:Mar 2009
Message Posted: Sep 1, 2012 10:35:15 AM

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

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Message Posted: Sep 1, 2012 10:33:28 AM

NOT GOOD TO HEAR!
jd2009
Champion Author Honolulu

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Joined:Jan 2009
Message Posted: Sep 1, 2012 10:32:17 AM

Ok
McClintock853
Rookie Author Omaha

Posts:33
Points:525,975
Joined:Jun 2011
Message Posted: Sep 1, 2012 10:31:24 AM

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

Posts:9,564
Points:2,955,430
Joined:May 2006
Message Posted: Sep 1, 2012 10:31:02 AM

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

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Joined:Mar 2008
Message Posted: Sep 1, 2012 10:30:51 AM

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

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Joined:Sep 2006
Message Posted: Sep 1, 2012 10:25:45 AM

k
chyguy3
Champion Author Wyoming

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Message Posted: Sep 1, 2012 10:24:51 AM

Agreed in toto, bigrigaz.
beachmanglen
Champion Author Tampa

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Message Posted: Sep 1, 2012 10:24:47 AM

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

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Joined:Jul 2008
Message Posted: Sep 1, 2012 10:22:18 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.
BumpinButch
Champion Author Texas

Posts:4,844
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Joined:Feb 2009
Message Posted: Sep 1, 2012 10:20:45 AM

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

Posts:4,086
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Joined:Aug 2011
Message Posted: Sep 1, 2012 10:19:53 AM

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

Posts:5,618
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Joined:Sep 2005
Message Posted: Sep 1, 2012 10:19:51 AM

JUST CRAZY
me2002
All-Star Author Toledo

Posts:763
Points:326,255
Joined:Dec 2011
Message Posted: Sep 1, 2012 10:19:39 AM

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

Posts:4,455
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Joined:Nov 2011
Message Posted: Sep 1, 2012 10:19:29 AM

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

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Joined:Oct 2008
Message Posted: Sep 1, 2012 10:16:18 AM

10% 0n pump prices then
zaq001
Champion Author Atlanta

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Joined:Oct 2008
Message Posted: Sep 1, 2012 10:14:58 AM

ok
2gjh
Champion Author North Dakota

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Joined:Nov 2003
Message Posted: Sep 1, 2012 10:14:23 AM

speculation
slayur
Champion Author Chicago

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Message Posted: Sep 1, 2012 10:13:32 AM

GREEEEEED
crmedic
Champion Author Arkansas

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

Who would have thought it?
032946
Champion Author Twin Cities

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Joined:Oct 2001
Message Posted: Sep 1, 2012 10:12:36 AM

Nothing but speculation and GREED!
ggordo
Champion Author Long Island

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Message Posted: Sep 1, 2012 10:11:35 AM

the greed continues
arcaneradio
Champion Author Michigan

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Joined:Dec 2010
Message Posted: Sep 1, 2012 10:10:18 AM

k
Cachase1
Champion Author Oklahoma City

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Joined:Aug 2003
Message Posted: Sep 1, 2012 10:10:16 AM

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

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

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

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Message Posted: Sep 1, 2012 10:08:58 AM

GREEDY speculators in action - still!
GLM4205
Champion Author Toledo

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Joined:Dec 2010
Message Posted: Sep 1, 2012 10:08:08 AM

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

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Points:1,228,380
Joined:Oct 2007
Message Posted: Sep 1, 2012 10:04:50 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.
littlebigboy
Veteran Author South Dakota

Posts:467
Points:1,548,665
Joined:May 2007
Message Posted: Sep 1, 2012 10:04:44 AM

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

Posts:32,346
Points:3,609,170
Joined:Aug 2004
Message Posted: Sep 1, 2012 9:59:48 AM

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

Posts:4,380
Points:1,487,105
Joined:Mar 2011
Message Posted: Sep 1, 2012 9:59:03 AM

why?
bginsj
Champion Author San Jose

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Joined:May 2009
Message Posted: Sep 1, 2012 9:58:42 AM

and yet oil traders wonder why the economy isn't getting better
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