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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

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honda0105 Champion Author Tallahassee Posts:18,610 Points:1,608,545 Joined:Nov 2008	Message Posted: Feb 25, 2012 8:19:01 AM Ignore honda0105 Report Abuse 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 Ignore Anddy_viper888 Report Abuse I don't care
tomok Champion Author Portland Posts:32,995 Points:2,345,510 Joined:Aug 2006	Message Posted: Feb 23, 2012 3:08:38 AM Ignore tomok Report Abuse 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:7,292 Points:1,559,415 Joined:Jul 2008	Message Posted: Feb 22, 2012 11:37:48 PM Ignore skybiker Report Abuse Sadly ....Gonna go higher!!!
reidlej Veteran Author Columbus Posts:402 Points:605,580 Joined:Jul 2011	Message Posted: Feb 22, 2012 8:23:53 PM Ignore reidlej Report Abuse Ouch!
99church Champion Author Indiana Posts:1,816 Points:361,065 Joined:Oct 2011	Message Posted: Feb 22, 2012 8:09:09 PM Ignore 99church Report Abuse excuses upon more excuses
lyons_coop Veteran Author Kansas Posts:411 Points:154,560 Joined:Jan 2012	Message Posted: Feb 22, 2012 8:08:28 PM Ignore lyons_coop Report Abuse 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 Posts:2,424 Points:583,605 Joined:Aug 2011	Message Posted: Feb 22, 2012 7:47:25 PM Ignore bullseye100 Report Abuse more excuses
032946 Champion Author Twin Cities Posts:19,855 Points:4,043,070 Joined:Oct 2001	Message Posted: Feb 22, 2012 7:46:24 PM Ignore 032946 Report Abuse Just another cheap excuse to raise the price at the pump!
blah2blah3 Champion Author Houston Posts:2,601 Points:599,895 Joined:May 2011	Message Posted: Feb 22, 2012 7:46:19 PM Ignore blah2blah3 Report Abuse ok
g747 Champion Author Mobile Posts:4,536 Points:932,695 Joined:Jul 2009	Message Posted: Feb 22, 2012 7:44:56 PM Ignore g747 Report Abuse Greece management needs to be changed!!!!!!!!!.
autohio Champion Author Ohio Posts:3,770 Points:818,500 Joined:Jan 2011	Message Posted: Feb 22, 2012 7:43:18 PM Ignore autohio Report Abuse Fun
GigHarborHound Champion Author Tacoma Posts:2,532 Points:487,515 Joined:Sep 2011	Message Posted: Feb 22, 2012 7:42:44 PM Ignore GigHarborHound Report Abuse Soros???
JR57CA All-Star Author Los Angeles Posts:788 Points:326,125 Joined:May 2011	Message Posted: Feb 22, 2012 7:42:02 PM Ignore JR57CA Report Abuse apples and oranges
ravenclaw_29 Rookie Author Oakland Posts:53 Points:11,410 Joined:Jan 2012	Message Posted: Feb 22, 2012 7:40:42 PM Ignore ravenclaw_29 Report Abuse OK
Piniewoods All-Star Author Jacksonville Posts:892 Points:460,315 Joined:Aug 2005	Message Posted: Feb 22, 2012 7:39:27 PM Ignore Piniewoods Report Abuse Any reason to push up price.
ravenclaw_29 Rookie Author Oakland Posts:53 Points:11,410 Joined:Jan 2012	Message Posted: Feb 22, 2012 7:39:21 PM Ignore ravenclaw_29 Report Abuse OK
skb69sa Champion Author San Antonio Posts:3,482 Points:710,400 Joined:Mar 2011	Message Posted: Feb 22, 2012 7:35:14 PM Ignore skb69sa Report Abuse Pure Speculation
shea33 Champion Author Pensacola Posts:2,363 Points:542,715 Joined:Oct 2011	Message Posted: Feb 22, 2012 7:32:09 PM Ignore shea33 Report Abuse we need to invade Greece
Car54BC08 Champion Author British Columbia Posts:4,249 Points:1,509,365 Joined:Jun 2008	Message Posted: Feb 22, 2012 7:29:42 PM Ignore Car54BC08 Report Abuse 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:1,621 Points:476,340 Joined:Apr 2011	Message Posted: Feb 22, 2012 7:23:34 PM Ignore SilentpartnerMN Report Abuse 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 All-Star Author Alabama Posts:785 Points:568,520 Joined:Apr 2009	Message Posted: Feb 22, 2012 7:19:48 PM Ignore CrappieFool Report Abuse Oh Kaye...
Caribou2011 Champion Author Ohio Posts:3,761 Points:767,860 Joined:Feb 2011	Message Posted: Feb 22, 2012 7:19:33 PM Ignore Caribou2011 Report Abuse Just wait for economic crash coming soon here.
ysmc Champion Author Providence Posts:10,563 Points:2,022,620 Joined:Apr 2007	Message Posted: Feb 22, 2012 7:19:28 PM Ignore ysmc Report Abuse speculators should be shot for treason
karlet Veteran Author Pittsburgh Posts:258 Points:84,490 Joined:Sep 2009	Message Posted: Feb 22, 2012 7:19:03 PM Ignore karlet Report Abuse Does anyone really think the Republicans would be any better?
adr47 Champion Author Saskatchewan Posts:5,667 Points:1,178,750 Joined:Nov 2008	Message Posted: Feb 22, 2012 7:18:08 PM Ignore adr47 Report Abuse Speculators and Big Oil Greed Rules
gasaholicMO Champion Author Missouri Posts:2,621 Points:510,940 Joined:Apr 2010	Message Posted: Feb 22, 2012 7:14:05 PM Ignore gasaholicMO Report Abuse Speculators at it again.
hagar2935 Veteran Author Nevada Posts:315 Points:85,155 Joined:Dec 2011	Message Posted: Feb 22, 2012 7:13:36 PM Ignore hagar2935 Report Abuse 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 Posts:2,105 Points:635,050 Joined:Mar 2011	Message Posted: Feb 22, 2012 7:12:35 PM Ignore Beaveronparade Report Abuse I agree, who is going to bail is out?
wulf2000 Champion Author Miami Posts:3,027 Points:1,388,480 Joined:May 2005	Message Posted: Feb 22, 2012 7:10:11 PM Ignore wulf2000 Report Abuse Price goes up and down.
spiderjay Champion Author Little Rock Posts:4,773 Points:1,282,235 Joined:Oct 2005	Message Posted: Feb 22, 2012 7:09:20 PM Ignore spiderjay Report Abuse should be dropping because of that
umitb Champion Author Indianapolis Posts:3,681 Points:844,415 Joined:Apr 2010	Message Posted: Feb 22, 2012 7:08:25 PM Ignore umitb Report Abuse ok
badspots Champion Author Houston Posts:2,079 Points:675,145 Joined:Feb 2011	Message Posted: Feb 22, 2012 7:06:54 PM Ignore badspots Report Abuse Ok.
Stooker Sophomore Author Ontario Posts:158 Points:70,320 Joined:Dec 2011	Message Posted: Feb 22, 2012 7:00:05 PM Ignore Stooker Report Abuse live within your means!
Topshopper2011 Champion Author New Jersey Posts:1,003 Points:275,390 Joined:Aug 2011	Message Posted: Feb 22, 2012 6:59:24 PM Ignore Topshopper2011 Report Abuse More speculators playing games! Regulate them!
chyguy3 Champion Author Wyoming Posts:2,855 Points:859,540 Joined:Sep 2006	Message Posted: Feb 22, 2012 6:57:55 PM Ignore chyguy3 Report Abuse Correct again z51corvette.
Night Owl Champion Author Toronto Posts:7,550 Points:1,786,600 Joined:Jul 2004	Message Posted: Feb 22, 2012 6:56:36 PM Ignore Night Owl Report Abuse Greedy Wall Street oil speculators are just too greedy. CFTC where are you?
ratones1 Champion Author Los Angeles Posts:2,912 Points:731,230 Joined:Mar 2011	Message Posted: Feb 22, 2012 6:56:00 PM Ignore ratones1 Report Abuse HMMMMMMMMMMMMMMMMMMMMMMM...
amgine27 Champion Author New York Posts:1,268 Points:305,715 Joined:Aug 2008	Message Posted: Feb 22, 2012 6:54:35 PM Ignore amgine27 Report Abuse damn greeks
vizilo Champion Author British Columbia Posts:5,729 Points:2,590,650 Joined:May 2004	Message Posted: Feb 22, 2012 6:51:56 PM Ignore vizilo Report Abuse Up and down
craigrm Champion Author Connecticut Posts:1,740 Points:578,580 Joined:Mar 2008	Message Posted: Feb 22, 2012 6:50:46 PM Ignore craigrm Report Abuse Mmm hmm.
rodzilla123 Champion Author San Diego Posts:4,395 Points:1,033,390 Joined:Jul 2008	Message Posted: Feb 22, 2012 6:49:21 PM Ignore rodzilla123 Report Abuse That and More.
feistyfella All-Star Author Georgia Posts:881 Points:193,245 Joined:Jun 2010	Message Posted: Feb 22, 2012 6:46:34 PM Ignore feistyfella Report Abuse That's extremely crude, oh the humanity.
Z51Corvette Champion Author Austin Posts:8,485 Points:1,671,170 Joined:Jan 2008	Message Posted: Feb 22, 2012 6:45:48 PM Ignore Z51Corvette Report Abuse 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:7,260 Points:2,163,790 Joined:Jul 2005	Message Posted: Feb 22, 2012 6:45:42 PM Ignore Kato51 Report Abuse We need to do much more conserving.
dynamouse Champion Author Michigan Posts:4,503 Points:1,749,850 Joined:Dec 2006	Message Posted: Feb 22, 2012 6:42:16 PM Ignore dynamouse Report Abuse we don't need them or obama get rid of obama
humblepie Champion Author Toledo Posts:34,191 Points:2,371,370 Joined:Mar 2006	Message Posted: Feb 22, 2012 6:41:44 PM Ignore humblepie Report Abuse and who, pray tell is going to bail america out ?
fire@53 Champion Author Philadelphia Posts:11,828 Points:2,769,075 Joined:May 2003	Message Posted: Feb 22, 2012 6:35:13 PM Ignore fire@53 Report Abuse If the price of crude keeps rising the world economy will slow down again.
rodzilla123 Champion Author San Diego Posts:4,395 Points:1,033,390 Joined:Jul 2008	Message Posted: Feb 22, 2012 6:35:10 PM Ignore rodzilla123 Report Abuse 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:2,556 Points:1,013,950 Joined:Apr 2010	Message Posted: Feb 22, 2012 6:33:22 PM Ignore THX138 Report Abuse k