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GasBuddy News Article

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Oil prices rose a fourth day on Friday on hopes for more stimulus from the U.S. Federal Reserve

Fox Business -- Brent September crude rose $1.21 to settle at $106.47 a barrel, posting a 36-cent loss for the week after four straight weekly gains. The premium to October Brent stayed above $1 a barrel.

U.S. September crude gained 74 cents to settle at $90.13 a barrel, ending with a 1.43 percent weekly loss after gaining the previous two weeks.

But both contracts stayed on track to register healthy monthly gains next week, after both Brent and U.S. crude suffered double-digit tumbles in the second quarter.

Read more: http://www.foxbusiness.com/markets/2012/07/27/oil-prices-rise-as-hopes-for-economic-stimulus-grow/#ixzz21towfYmJ


Read the Full Article

Submitted Jul 28, 2012 By: Bill G.
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil prices rose a fourth day on Friday on hopes for more stimulus from the U.S. Federal Reserve Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

Posts:22,229
Points:2,067,965
Joined:Nov 2008
Message Posted: Aug 1, 2012 5:58:52 AM

another reason that Pig Oil found to reap near record profits when the rest of the economy is going down the drain?
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remay
Champion Author Houston

Posts:8,946
Points:2,567,090
Joined:May 2006
Message Posted: Jul 29, 2012 7:54:19 AM

Uh, already posted?

"Oil up fourth day as stimulus hopes support

Reuters -- Oil prices rose a fourth day on Friday on hopes for more stimulus from the U.S. Federal Reserve after data showed U.S. economic growth slowed in the second quarter as expected.

Dollar-denominated crude futures saw choppy trading as the euro and dollar .DXY also seesawed, buffeted by comments from European leaders.

The euro hit a three-week high, lifted early after French leader Francois Hollande and his German counterpart, Angela Merkel, said they are determined to do all they can to safeguard the single currency.

The euro hit the session high on a report that European Central Bank President Mario Draghi would favor giving the bailout fund a banking license and would meet with German's Bundesbank President Jens Weidmann. (go to article)

Submitted Jul 27, 2012 By: Mudsprings 22 Comments"
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menagerie1013
Champion Author San Diego

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Message Posted: Jul 29, 2012 1:38:31 AM

Pump price has been rising here.
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TIGERPAW46
Champion Author Florida

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Points:1,798,435
Joined:Mar 2004
Message Posted: Jul 29, 2012 12:10:55 AM

prices have been weird here. Some stations are still climbing up to $3.45/Gal; while a few, which may buy more from American oil producers, have dropped back down a few pennies to $3.26/Gal.

[Edited by: TIGERPAW46 at 7/29/2012 1:14:26 AM EST]
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TFowler513
Champion Author Memphis

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Message Posted: Jul 28, 2012 11:55:49 PM

Sky rocketing here!!!
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10k
Champion Author North Carolina

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Message Posted: Jul 28, 2012 11:51:12 PM

good thing fox news is around, or we wouldn't know what little bit slips through the cracks in terrorville-oops, excuse me-washington..
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Jul 28, 2012 11:41:08 PM

federal reserve board members should be in federal prison
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ratones1
Champion Author Los Angeles

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Message Posted: Jul 28, 2012 11:39:27 PM

and raising!!!
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N5EXY
Champion Author Austin

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Message Posted: Jul 28, 2012 11:39:06 PM

102 days until the election. No 0bama (that is zerobama, not "O"bama)!
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CheeseMan
Champion Author Raleigh

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Message Posted: Jul 28, 2012 11:37:11 PM

SOS!
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bowler360
Champion Author Illinois

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Message Posted: Jul 28, 2012 11:36:51 PM

go fed!
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Dailyrun
Champion Author Kentucky

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Message Posted: Jul 28, 2012 11:36:42 PM

give me a break.
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ican2step
Champion Author Pittsburgh

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Message Posted: Jul 28, 2012 11:34:06 PM

VOTE VOTE VOTE
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nru
Champion Author Twin Cities

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Message Posted: Jul 28, 2012 11:33:10 PM

gee - the fed prints money, and gives it to the banks, and we are suprised that prices go up???
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boatfloyd
Champion Author Jacksonville

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Message Posted: Jul 28, 2012 11:31:37 PM

What goes up comes down.
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jferrara41
All-Star Author Pennsylvania

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Message Posted: Jul 28, 2012 11:28:04 PM

ok
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regout
Champion Author Quebec

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Message Posted: Jul 28, 2012 11:27:51 PM

Speculators.
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Mermaan
Champion Author Boston

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Message Posted: Jul 28, 2012 11:27:21 PM

Fox news....
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GigHarborHound
Champion Author Tacoma

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Message Posted: Jul 28, 2012 11:26:45 PM

Whos high hopes?
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12766
Champion Author New York

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Message Posted: Jul 28, 2012 11:26:32 PM

OK
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kgbellman
Champion Author Ann Arbor

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Message Posted: Jul 28, 2012 11:26:24 PM

Why attempt to even figure it our - it gives me a headache
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joel27nc
Champion Author Raleigh

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Message Posted: Jul 28, 2012 11:25:55 PM

Whats the U.S. Federal Reserve supposed to help with now?
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TonyPSU
Champion Author Cleveland

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Message Posted: Jul 28, 2012 11:25:05 PM

ok
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VetteFan
Champion Author Indiana

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Message Posted: Jul 28, 2012 11:24:53 PM

From what I remember, the Fed has done about all it can. The discount rate is getting close to zero.
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jetskijerry
Champion Author North Carolina

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Message Posted: Jul 28, 2012 11:24:46 PM

STOCKS UP; GAS UP
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CdnLynx
Champion Author Ontario

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Message Posted: Jul 28, 2012 11:23:34 PM

We better raise the price at the pump; the Olympics have begun, no doubt this will also have a negative effect on crude and gasoline futures; everything else does!
For some just to let you know I'm being facetiousness!
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billduhkid
Rookie Author Las Vegas

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Message Posted: Jul 28, 2012 11:22:58 PM

Things don't appear to be getting any better!
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Jeff1944
Champion Author South Dakota

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Message Posted: Jul 28, 2012 11:21:48 PM

There is gloom in the US economy.
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Matt G
Champion Author Boston

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Message Posted: Jul 28, 2012 11:21:22 PM

Ok
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livedream
Champion Author Michigan

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Message Posted: Jul 28, 2012 11:20:19 PM

Fox Business is buddies with Big Oil -- Big Oil propaganda re: rising crude oil prices is so predictable and so canned!
It's another way for them to indulge in more GREED!!
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Zonk
Champion Author Michigan

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Message Posted: Jul 28, 2012 11:20:09 PM

obama wants higher gas prices.
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CarpenterNJ
Champion Author New Jersey

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Message Posted: Jul 28, 2012 11:19:57 PM

It is all rigged...
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bra0712
Champion Author Arizona

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Message Posted: Jul 28, 2012 11:19:24 PM

Ok
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AKmailman
Champion Author Alaska

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Message Posted: Jul 28, 2012 11:18:05 PM

on a daily basis the ups ad downs for the price of oil
has no significant impact on gas prices
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silverfoxv65
Champion Author Michigan

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Message Posted: Jul 28, 2012 11:17:50 PM

Just more greed!
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Dodge_Me
Champion Author Atlanta

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Message Posted: Jul 28, 2012 11:17:50 PM

Sucks
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crreed1
Champion Author West Virginia

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Message Posted: Jul 28, 2012 11:15:46 PM

BS
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mtaboy
Sophomore Author New Jersey

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Joined:Dec 2004
Message Posted: Jul 28, 2012 11:15:39 PM

FOR EVERY GREEDY SPECULATOR WHO JUST DIES...THE PRICE OF GAS INCHES DOWN EVER SO SLIGHTLY...LET'S HOPE AND PRAY THAT THEY DIE BY THE THOUSANDS!!!!

[Edited by: mtaboy at 7/29/2012 12:20:26 AM EST]
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chuckwthompson
Champion Author Charlotte

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Message Posted: Jul 28, 2012 11:15:33 PM

How's that hope and change working out for you? Not too good!
Vote 2012
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carman11
Champion Author North Carolina

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Message Posted: Jul 28, 2012 11:14:22 PM

Ok

!
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Bigwaynef
Champion Author South Carolina

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Message Posted: Jul 28, 2012 11:13:24 PM

Hell pries go up even when Crude goes down...
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LanguageMan1
Champion Author Tampa

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Message Posted: Jul 28, 2012 11:12:54 PM

Yep, yawn!!! Gettin' tired.
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AuntieM2
Champion Author Grand Rapids

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Message Posted: Jul 28, 2012 11:12:23 PM

Any excuse to raise prices...
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gamalerin
Champion Author Tampa

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Message Posted: Jul 28, 2012 11:11:42 PM

Gas price is going up for no reason
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Jul 28, 2012 11:11:42 PM

Because they think a stimulated economy will result in propel driving more.
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goldseeker
Champion Author West Virginia

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Message Posted: Jul 28, 2012 11:11:33 PM

And so it did.
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pastorpaulcg
Champion Author Virginia

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Message Posted: Jul 28, 2012 11:10:22 PM

Prices rise on "hope" for more stimulus? Because the previous one did so well?
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DrLyon
Champion Author Michigan

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Message Posted: Jul 28, 2012 11:09:44 PM

Nuts...
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rahcat
Champion Author Grand Rapids

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Message Posted: Jul 28, 2012 11:09:42 PM

Audit the FED!
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tedjm1
Champion Author New York

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Joined:Dec 2006
Message Posted: Jul 28, 2012 11:09:28 PM

Okay!
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