Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:50 AM

GasBuddy News Article

52
votes
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."


Read the Full Article

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
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,450
Points:2,108,665
Joined:Nov 2008
Message Posted: Sep 4, 2012 9:07:39 PM

lots of specutraitors coughing?
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:9,280
Points:2,110,120
Joined:Jun 2008
Message Posted: Sep 3, 2012 1:29:35 AM

Noise
Profile Pic
Ticobird
Champion Author Huntsville

Posts:4,943
Points:1,556,625
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.
Profile Pic
Pramodsharma
Champion Author Richmond

Posts:4,198
Points:868,285
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!
Profile Pic
Night Owl
Champion Author Toronto

Posts:9,770
Points:2,277,950
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.
Profile Pic
gknee09
Champion Author Philadelphia

Posts:1,038
Points:955,625
Joined:Jul 2009
Message Posted: Sep 1, 2012 12:15:16 PM

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

Posts:2,628
Points:559,165
Joined:Mar 2012
Message Posted: Sep 1, 2012 11:32:12 AM

k
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:4,190
Points:2,706,890
Joined:Oct 2005
Message Posted: Sep 1, 2012 11:29:38 AM

Speculation
Profile Pic
caddilac
Champion Author Ontario

Posts:19,180
Points:2,636,055
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.
Profile Pic
BudsterMO
Champion Author Kansas City

Posts:5,961
Points:1,187,630
Joined:Aug 2009
Message Posted: Sep 1, 2012 10:59:55 AM

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

Posts:7,037
Points:1,485,115
Joined:Jul 2010
Message Posted: Sep 1, 2012 10:54:52 AM

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

Posts:11,583
Points:1,276,580
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.
Profile Pic
SUV2009
Champion Author Orlando

Posts:5,870
Points:1,585,345
Joined:Oct 2009
Message Posted: Sep 1, 2012 10:45:55 AM

ok
Profile Pic
snappytom2
Champion Author Corpus Christi

Posts:5,454
Points:371,955
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.
Profile Pic
njerald
Champion Author Seattle

Posts:10,023
Points:2,098,745
Joined:Oct 2007
Message Posted: Sep 1, 2012 10:39:58 AM

It's just the Liberal Way
Profile Pic
Hangnail309
Champion Author Manitoba

Posts:8,286
Points:2,164,475
Joined:Aug 2006
Message Posted: Sep 1, 2012 10:37:48 AM

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

Posts:24,391
Points:2,750,625
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..
Profile Pic
INBwana
Champion Author Indiana

Posts:11,506
Points:1,192,315
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?
Profile Pic
Sam195
Champion Author San Bernardino

Posts:10,320
Points:2,052,980
Joined:Oct 2008
Message Posted: Sep 1, 2012 10:35:58 AM

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

Posts:4,461
Points:1,593,905
Joined:Mar 2009
Message Posted: Sep 1, 2012 10:35:15 AM

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

Posts:8,818
Points:2,357,285
Joined:Oct 2005
Message Posted: Sep 1, 2012 10:33:28 AM

NOT GOOD TO HEAR!
Profile Pic
jd2009
Champion Author Honolulu

Posts:4,269
Points:1,312,680
Joined:Jan 2009
Message Posted: Sep 1, 2012 10:32:17 AM

Ok
Profile Pic
McClintock853
Rookie Author Omaha

Posts:32
Points:469,430
Joined:Jun 2011
Message Posted: Sep 1, 2012 10:31:24 AM

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

Posts:8,586
Points:2,663,670
Joined:May 2006
Message Posted: Sep 1, 2012 10:31:02 AM

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

Posts:1,323
Points:782,730
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!
Profile Pic
H2OBurner
Champion Author Utah

Posts:4,203
Points:1,198,745
Joined:Sep 2006
Message Posted: Sep 1, 2012 10:25:45 AM

k
Profile Pic
chyguy3
Champion Author Wyoming

Posts:2,855
Points:907,840
Joined:Sep 2006
Message Posted: Sep 1, 2012 10:24:51 AM

Agreed in toto, bigrigaz.
Profile Pic
beachmanglen
Champion Author Tampa

Posts:1,742
Points:862,205
Joined:Aug 2011
Message Posted: Sep 1, 2012 10:24:47 AM

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

Posts:1,942
Points:1,080,050
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.
Profile Pic
BumpinButch
Champion Author Texas

Posts:3,767
Points:988,360
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?
Profile Pic
Double_Golden
Champion Author San Francisco

Posts:4,085
Points:997,935
Joined:Aug 2011
Message Posted: Sep 1, 2012 10:19:53 AM

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

Posts:4,589
Points:2,860,460
Joined:Sep 2005
Message Posted: Sep 1, 2012 10:19:51 AM

JUST CRAZY
Profile Pic
me2002
All-Star Author Toledo

Posts:763
Points:325,455
Joined:Dec 2011
Message Posted: Sep 1, 2012 10:19:39 AM

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

Posts:3,955
Points:957,985
Joined:Nov 2011
Message Posted: Sep 1, 2012 10:19:29 AM

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

Posts:10,769
Points:2,047,860
Joined:Oct 2008
Message Posted: Sep 1, 2012 10:16:18 AM

10% 0n pump prices then
Profile Pic
zaq001
Champion Author Atlanta

Posts:6,305
Points:1,971,630
Joined:Oct 2008
Message Posted: Sep 1, 2012 10:14:58 AM

ok
Profile Pic
2gjh
Champion Author North Dakota

Posts:3,174
Points:2,447,600
Joined:Nov 2003
Message Posted: Sep 1, 2012 10:14:23 AM

speculation
Profile Pic
slayur
Champion Author Chicago

Posts:1,540
Points:1,596,760
Joined:Sep 2005
Message Posted: Sep 1, 2012 10:13:32 AM

GREEEEEED
Profile Pic
crmedic
Champion Author Arkansas

Posts:5,435
Points:598,330
Joined:Jul 2011
Message Posted: Sep 1, 2012 10:13:10 AM

Who would have thought it?
Profile Pic
032946
Champion Author Twin Cities

Posts:22,213
Points:4,521,950
Joined:Oct 2001
Message Posted: Sep 1, 2012 10:12:36 AM

Nothing but speculation and GREED!
Profile Pic
ggordo
Champion Author Long Island

Posts:3,858
Points:836,195
Joined:Apr 2012
Message Posted: Sep 1, 2012 10:11:35 AM

the greed continues
Profile Pic
arcaneradio
Champion Author Michigan

Posts:3,000
Points:586,995
Joined:Dec 2010
Message Posted: Sep 1, 2012 10:10:18 AM

k
Profile Pic
Cachase1
Champion Author Oklahoma City

Posts:13,770
Points:2,878,885
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.
Profile Pic
rjoeh
Champion Author Michigan

Posts:9,381
Points:2,965,025
Joined:Jun 2004
Message Posted: Sep 1, 2012 10:10:06 AM

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

Posts:11,398
Points:3,104,865
Joined:Aug 2004
Message Posted: Sep 1, 2012 10:08:58 AM

GREEDY speculators in action - still!
Profile Pic
GLM4205
Champion Author Toledo

Posts:6,109
Points:1,245,465
Joined:Dec 2010
Message Posted: Sep 1, 2012 10:08:08 AM

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

Posts:2,853
Points:1,210,545
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.
Profile Pic
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
Profile Pic
AC-302
Champion Author Los Angeles

Posts:30,354
Points:3,356,145
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?
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:3,407
Points:1,155,995
Joined:Mar 2011
Message Posted: Sep 1, 2012 9:59:03 AM

why?
Post a reply Back to Topics