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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:15,972 Points:1,247,150 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:26,058 Points:1,983,460 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:5,861 Points:1,225,255 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:359 Points:282,345 Joined:Jul 2011	Message Posted: Feb 22, 2012 8:23:53 PM Ignore reidlej Report Abuse Ouch!
99church Sophomore Author Indiana Posts:204 Points:60,495 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:359 Points:92,910 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 All-Star Author New Jersey Posts:844 Points:236,305 Joined:Aug 2011	Message Posted: Feb 22, 2012 7:47:25 PM Ignore bullseye100 Report Abuse more excuses
032946 Champion Author Twin Cities Posts:18,043 Points:3,691,785 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 All-Star Author Houston Posts:810 Points:243,130 Joined:May 2011	Message Posted: Feb 22, 2012 7:46:19 PM Ignore blah2blah3 Report Abuse ok
g747 Champion Author Mobile Posts:2,797 Points:588,215 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:2,075 Points:466,125 Joined:Jan 2011	Message Posted: Feb 22, 2012 7:43:18 PM Ignore autohio Report Abuse Fun
GigHarborHound All-Star Author Tacoma Posts:936 Points:166,355 Joined:Sep 2011	Message Posted: Feb 22, 2012 7:42:44 PM Ignore GigHarborHound Report Abuse Soros???
JR57CA All-Star Author Los Angeles Posts:531 Points:151,395 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:33 Points:7,010 Joined:Jan 2012	Message Posted: Feb 22, 2012 7:40:42 PM Ignore ravenclaw_29 Report Abuse OK
Piniewoods Veteran Author Jacksonville Posts:284 Points:314,130 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:33 Points:7,010 Joined:Jan 2012	Message Posted: Feb 22, 2012 7:39:21 PM Ignore ravenclaw_29 Report Abuse OK
skb69sa Champion Author San Antonio Posts:1,659 Points:352,370 Joined:Mar 2011	Message Posted: Feb 22, 2012 7:35:14 PM Ignore skb69sa Report Abuse Pure Speculation
shea33 All-Star Author Pensacola Posts:555 Points:181,710 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:2,452 Points:1,151,490 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:1,361 Points:295,745 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:616 Points:365,585 Joined:Apr 2009	Message Posted: Feb 22, 2012 7:19:48 PM Ignore CrappieFool Report Abuse Oh Kaye...
Caribou2011 Champion Author Ohio Posts:1,997 Points:418,345 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:8,742 Points:1,691,760 Joined:Apr 2007	Message Posted: Feb 22, 2012 7:19:28 PM Ignore ysmc Report Abuse speculators should be shot for treason
karlet Rookie Author Pittsburgh Posts:84 Points:36,005 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:5,309 Points:1,107,840 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:2,620 Points:510,670 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:262 Points:73,220 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 All-Star Author Hartford Posts:969 Points:293,325 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:1,713 Points:1,078,615 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:3,820 Points:1,060,930 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:1,858 Points:492,235 Joined:Apr 2010	Message Posted: Feb 22, 2012 7:08:25 PM Ignore umitb Report Abuse ok
badspots Champion Author Houston Posts:1,563 Points:412,070 Joined:Feb 2011	Message Posted: Feb 22, 2012 7:06:54 PM Ignore badspots Report Abuse Ok.
Stooker Sophomore Author Ontario Posts:158 Points:67,270 Joined:Dec 2011	Message Posted: Feb 22, 2012 7:00:05 PM Ignore Stooker Report Abuse live within your means!
Topshopper2011 Veteran Author New Jersey Posts:293 Points:133,185 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:2,047 Points:683,335 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:5,776 Points:1,433,770 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:1,599 Points:392,805 Joined:Mar 2011	Message Posted: Feb 22, 2012 6:56:00 PM Ignore ratones1 Report Abuse HMMMMMMMMMMMMMMMMMMMMMMM...
amgine27 All-Star Author New York Posts:617 Points:162,240 Joined:Aug 2008	Message Posted: Feb 22, 2012 6:54:35 PM Ignore amgine27 Report Abuse damn greeks
vizilo Champion Author British Columbia Posts:4,983 Points:2,440,825 Joined:May 2004	Message Posted: Feb 22, 2012 6:51:56 PM Ignore vizilo Report Abuse Up and down
craigrm Champion Author Connecticut Posts:1,080 Points:302,955 Joined:Mar 2008	Message Posted: Feb 22, 2012 6:50:46 PM Ignore craigrm Report Abuse Mmm hmm.
rodzilla123 Champion Author San Diego Posts:2,807 Points:700,600 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:510 Points:116,845 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:6,728 Points:1,327,500 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:5,783 Points:1,867,020 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:2,624 Points:1,389,910 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:17,321 Points:2,009,320 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:10,122 Points:2,431,400 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:2,807 Points:700,600 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:1,228 Points:680,830 Joined:Apr 2010	Message Posted: Feb 22, 2012 6:33:22 PM Ignore THX138 Report Abuse k