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GasBuddy News Article

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Crude Futures Rise Following 2nd Greek Bailout

Dow Jones Newswire --
Crude-oil futures rose sharply Tuesday on optimism that the recently passed bailout of Greece will ease the continent's economic woes and boost oil demand.

Euro-zone finance ministers agreed to a EUR130 billion rescue package for Greece after the country adopted a latest round of deep austerity measures. The agreement boosted market sentiment across the board and ended months of uncertainty over whether the country that has been at the center of the euro-zone's sovereign debt crisis would get a second bailout.

Light, sweet crude for March delivery rose $1.41, or 1.4%, to $104.65 a barrel on the New York Mercantile Exchange. With the contract due to expire at the close of trading Tuesday, the more heavily traded April contract was up $1.34, or 1.3%, to $104.94 a barrel.



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Submitted Feb 22, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude Futures Rise Following 2nd Greek Bailout Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,080
Points:2,392,115
Joined:Nov 2008
Message Posted: Feb 25, 2012 8:19:01 AM

it's going up b/c specutraitors are able to drive it up on the faintest excuses.
Anddy_viper888
Sophomore Author New York

Posts:195
Points:10,545
Joined:Feb 2011
Message Posted: Feb 24, 2012 2:52:04 PM

I don't care
tomok
Champion Author Portland

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Points:3,127,760
Joined:Aug 2006
Message Posted: Feb 23, 2012 3:08:38 AM

Crude Futures Rise Following 2nd Greek Bailout and the US may not be far behind with *spending gone wild* Barry!
Big oil exports fuel and natural gas to the world for higher profits. Barry supports natural gas and oil production for sale to the world to help pay for his *spending gone wild* addiction. Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using ‘other’ forms of transportation to help lower your cost.
The price of fuel at the pump is too high!
12/22/2012!
skybiker
Champion Author South Carolina

Posts:9,548
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Message Posted: Feb 22, 2012 11:37:48 PM

Sadly ....Gonna go higher!!!
reidlej
Champion Author Columbus

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Joined:Jul 2011
Message Posted: Feb 22, 2012 8:23:53 PM

Ouch!
99church
Champion Author Indiana

Posts:5,041
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Joined:Oct 2011
Message Posted: Feb 22, 2012 8:09:09 PM

excuses upon more excuses
lyons_coop
All-Star Author Kansas

Posts:552
Points:287,710
Joined:Jan 2012
Message Posted: Feb 22, 2012 8:08:28 PM

Part of me says let it all come crashing down. I see that sentiment echoed here on the forums quite a bit. I just didn't realize that there were so many rough and tumble individuals who could actually survive the ensuing melt down.
bullseye100
Champion Author New Jersey

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Message Posted: Feb 22, 2012 7:47:25 PM

more excuses
032946
Champion Author Twin Cities

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Message Posted: Feb 22, 2012 7:46:24 PM

Just another cheap excuse to raise the price at the pump!
blah2blah3
Champion Author Houston

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Points:1,380,075
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Message Posted: Feb 22, 2012 7:46:19 PM

ok
g747
Champion Author Mobile

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Message Posted: Feb 22, 2012 7:44:56 PM

Greece management needs to be changed!!!!!!!!!.
autohio
Champion Author Ohio

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Joined:Jan 2011
Message Posted: Feb 22, 2012 7:43:18 PM

Fun
GigHarborHound
Champion Author Tacoma

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Message Posted: Feb 22, 2012 7:42:44 PM

Soros???
JR57CA
All-Star Author Los Angeles

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Joined:May 2011
Message Posted: Feb 22, 2012 7:42:02 PM

apples and oranges
ravenclaw_29
Rookie Author Oakland

Posts:53
Points:11,535
Joined:Jan 2012
Message Posted: Feb 22, 2012 7:40:42 PM

OK
Piniewoods
All-Star Author Jacksonville

Posts:894
Points:484,905
Joined:Aug 2005
Message Posted: Feb 22, 2012 7:39:27 PM

Any reason to push up price.
ravenclaw_29
Rookie Author Oakland

Posts:53
Points:11,535
Joined:Jan 2012
Message Posted: Feb 22, 2012 7:39:21 PM

OK
skb69sa
Champion Author San Antonio

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Message Posted: Feb 22, 2012 7:35:14 PM

Pure Speculation
shea33
Champion Author Pensacola

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Joined:Oct 2011
Message Posted: Feb 22, 2012 7:32:09 PM

we need to invade Greece
Car54BC08
Champion Author British Columbia

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Joined:Jun 2008
Message Posted: Feb 22, 2012 7:29:42 PM

I don't hold out the confidence that Greece will deliver on it's cuts. Hope I'm wrong about them.
SilentpartnerMN
Champion Author Minnesota

Posts:1,797
Points:658,735
Joined:Apr 2011
Message Posted: Feb 22, 2012 7:23:34 PM

Just want to make sure the increase in crude was caused by the 2nd Greek Bailout and not Iran rattling their sabers. Have to keep our excuses straight for when the speculators increase the pice again.
CrappieFool
Champion Author Alabama

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Message Posted: Feb 22, 2012 7:19:48 PM

Oh Kaye...
Caribou2011
Champion Author Ohio

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Message Posted: Feb 22, 2012 7:19:33 PM

Just wait for economic crash coming soon here.
ysmc
Champion Author Providence

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Message Posted: Feb 22, 2012 7:19:28 PM

speculators should be shot for treason
karlet
Veteran Author Pittsburgh

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Joined:Sep 2009
Message Posted: Feb 22, 2012 7:19:03 PM

Does anyone really think the Republicans would be any better?
adr47
Champion Author Saskatchewan

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Points:1,489,800
Joined:Nov 2008
Message Posted: Feb 22, 2012 7:18:08 PM

Speculators and Big Oil
Greed Rules
gasaholicMO
Champion Author Missouri

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Points:510,940
Joined:Apr 2010
Message Posted: Feb 22, 2012 7:14:05 PM

Speculators at it again.
hagar2935
Veteran Author Nevada

Posts:321
Points:89,275
Joined:Dec 2011
Message Posted: Feb 22, 2012 7:13:36 PM

The Greek bailout will cause many other financial woes.......... but is just a preview of what will soon happen to the US Economy unless Obama & the Democrats who spend like drunken liberals are not turned out of office in November 2012!
Beaveronparade
Champion Author Hartford

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Message Posted: Feb 22, 2012 7:12:35 PM

I agree, who is going to bail is out?
wulf2000
Champion Author Miami

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Message Posted: Feb 22, 2012 7:10:11 PM

Price goes up and down.
spiderjay
Champion Author Little Rock

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Message Posted: Feb 22, 2012 7:09:20 PM

should be dropping because of that
umitb
Champion Author Indianapolis

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Message Posted: Feb 22, 2012 7:08:25 PM

ok
badspots
Champion Author Houston

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Message Posted: Feb 22, 2012 7:06:54 PM

Ok.
Stooker
Sophomore Author Ontario

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Joined:Dec 2011
Message Posted: Feb 22, 2012 7:00:05 PM

live within your means!
Topshopper2011
Champion Author New Jersey

Posts:1,849
Points:462,180
Joined:Aug 2011
Message Posted: Feb 22, 2012 6:59:24 PM

More speculators playing games! Regulate them!
chyguy3
Champion Author Wyoming

Posts:2,855
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Joined:Sep 2006
Message Posted: Feb 22, 2012 6:57:55 PM

Correct again z51corvette.
Night Owl
Champion Author Toronto

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Message Posted: Feb 22, 2012 6:56:36 PM

Greedy Wall Street oil speculators are just too greedy. CFTC where are you?
ratones1
Champion Author Los Angeles

Posts:3,394
Points:1,367,860
Joined:Mar 2011
Message Posted: Feb 22, 2012 6:56:00 PM

HMMMMMMMMMMMMMMMMMMMMMMM...
amgine27
Champion Author New York

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Message Posted: Feb 22, 2012 6:54:35 PM

damn greeks
vizilo
Champion Author British Columbia

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Message Posted: Feb 22, 2012 6:51:56 PM

Up and down
craigrm
Champion Author Connecticut

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Message Posted: Feb 22, 2012 6:50:46 PM

Mmm hmm.
rodzilla123
Champion Author San Diego

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Message Posted: Feb 22, 2012 6:49:21 PM

That and More.
feistyfella
All-Star Author Detroit

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Points:700,420
Joined:Jun 2010
Message Posted: Feb 22, 2012 6:46:34 PM

That's extremely crude, oh the humanity.
Z51Corvette
Champion Author Austin

Posts:11,163
Points:2,362,120
Joined:Jan 2008
Message Posted: Feb 22, 2012 6:45:48 PM

Greece is an albatross... this will not last. The US is headed there, unless we cut out all the HANDOUTS...

Kato51
Champion Author Atlanta

Posts:7,429
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Message Posted: Feb 22, 2012 6:45:42 PM

We need to do much more conserving.
dynamouse
Champion Author Michigan

Posts:6,543
Points:2,317,780
Joined:Dec 2006
Message Posted: Feb 22, 2012 6:42:16 PM

we don't need them or obama get rid of obama
humblepie
Champion Author Toledo

Posts:63,952
Points:3,154,820
Joined:Mar 2006
Message Posted: Feb 22, 2012 6:41:44 PM

and who, pray tell is going to bail america out ?
fire@53
Champion Author Philadelphia

Posts:14,954
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Joined:May 2003
Message Posted: Feb 22, 2012 6:35:13 PM

If the price of crude keeps rising the world economy will slow down again.
rodzilla123
Champion Author San Diego

Posts:5,648
Points:1,306,065
Joined:Jul 2008
Message Posted: Feb 22, 2012 6:35:10 PM

I think it rose more on Threats from Iran, and the Mad men of the Radical Islamism (religion of Peace???) wanting to destroy all Jews and the rest of us non Muslims!!!
THX138
Champion Author San Francisco

Posts:4,800
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Message Posted: Feb 22, 2012 6:33:22 PM

k
sappie
Champion Author Massachusetts

Posts:6,265
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Message Posted: Feb 22, 2012 6:27:07 PM

yuuuuuuuuuuuuuuuuuuuuuuup.
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