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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

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Submitted Jul 28, 2012 By: Bill G.

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Aug 1, 2012 6:58:52 AM Ignore honda0105 Report Abuse another reason that Pig Oil found to reap near record profits when the rest of the economy is going down the drain?
remay Champion Author Houston Posts:7,078 Points:2,143,965 Joined:May 2006	Message Posted: Jul 29, 2012 8:54:19 AM Ignore remay Report Abuse 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"
menagerie1013 Champion Author San Diego Posts:2,365 Points:711,190 Joined:Apr 2011	Message Posted: Jul 29, 2012 2:38:31 AM Ignore menagerie1013 Report Abuse Pump price has been rising here.
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Jul 29, 2012 1:10:55 AM Ignore TIGERPAW46 Report Abuse 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]
TFowler513 Champion Author Memphis Posts:3,824 Points:1,437,885 Joined:Mar 2008	Message Posted: Jul 29, 2012 12:55:49 AM Ignore TFowler513 Report Abuse Sky rocketing here!!!
10k Champion Author North Carolina Posts:21,489 Points:2,281,720 Joined:May 2006	Message Posted: Jul 29, 2012 12:51:12 AM Ignore 10k Report Abuse good thing fox news is around, or we wouldn't know what little bit slips through the cracks in terrorville-oops, excuse me-washington..
LilRedWagonIN Champion Author Indiana Posts:7,912 Points:1,581,110 Joined:Oct 2008	Message Posted: Jul 29, 2012 12:41:08 AM Ignore LilRedWagonIN Report Abuse federal reserve board members should be in federal prison
ratones1 Champion Author Los Angeles Posts:2,987 Points:756,755 Joined:Mar 2011	Message Posted: Jul 29, 2012 12:39:27 AM Ignore ratones1 Report Abuse and raising!!!
N5EXY Champion Author Austin Posts:5,634 Points:1,537,780 Joined:Jul 2004	Message Posted: Jul 29, 2012 12:39:06 AM Ignore N5EXY Report Abuse 102 days until the election. No 0bama (that is zerobama, not "O"bama)!
CheeseMan Champion Author Raleigh Posts:10,740 Points:1,775,000 Joined:Mar 2005	Message Posted: Jul 29, 2012 12:37:11 AM Ignore CheeseMan Report Abuse SOS!
bowler360 Champion Author Illinois Posts:2,110 Points:527,250 Joined:Jun 2011	Message Posted: Jul 29, 2012 12:36:51 AM Ignore bowler360 Report Abuse go fed!
Dailyrun Champion Author Kentucky Posts:2,122 Points:416,090 Joined:Apr 2012	Message Posted: Jul 29, 2012 12:36:42 AM Ignore Dailyrun Report Abuse give me a break.
ican2step Champion Author Pittsburgh Posts:1,811 Points:452,400 Joined:Feb 2012	Message Posted: Jul 29, 2012 12:34:06 AM Ignore ican2step Report Abuse VOTE VOTE VOTE
nru Champion Author Twin Cities Posts:1,953 Points:1,010,855 Joined:Feb 2006	Message Posted: Jul 29, 2012 12:33:10 AM Ignore nru Report Abuse gee - the fed prints money, and gives it to the banks, and we are suprised that prices go up???
boatfloyd Champion Author Jacksonville Posts:1,858 Points:415,675 Joined:Mar 2012	Message Posted: Jul 29, 2012 12:31:37 AM Ignore boatfloyd Report Abuse What goes up comes down.
jferrara41 All-Star Author Pennsylvania Posts:598 Points:110,665 Joined:Apr 2012	Message Posted: Jul 29, 2012 12:28:04 AM Ignore jferrara41 Report Abuse ok
regout Champion Author Quebec Posts:3,095 Points:860,405 Joined:May 2010	Message Posted: Jul 29, 2012 12:27:51 AM Ignore regout Report Abuse Speculators.
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Jul 29, 2012 12:27:21 AM Ignore Mermaan Report Abuse Fox news....
GigHarborHound Champion Author Tacoma Posts:2,674 Points:515,215 Joined:Sep 2011	Message Posted: Jul 29, 2012 12:26:45 AM Ignore GigHarborHound Report Abuse Whos high hopes?
12766 Champion Author New York Posts:2,584 Points:1,511,115 Joined:Oct 2008	Message Posted: Jul 29, 2012 12:26:32 AM Ignore 12766 Report Abuse OK
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Jul 29, 2012 12:26:24 AM Ignore kgbellman Report Abuse Why attempt to even figure it our - it gives me a headache
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: Jul 29, 2012 12:25:55 AM Ignore joel27nc Report Abuse Whats the U.S. Federal Reserve supposed to help with now?
TonyPSU Champion Author Cleveland Posts:2,672 Points:722,005 Joined:May 2011	Message Posted: Jul 29, 2012 12:25:05 AM Ignore TonyPSU Report Abuse ok
VetteFan Champion Author Indiana Posts:9,879 Points:2,056,180 Joined:Aug 2005	Message Posted: Jul 29, 2012 12:24:53 AM Ignore VetteFan Report Abuse From what I remember, the Fed has done about all it can. The discount rate is getting close to zero.
jetskijerry Champion Author North Carolina Posts:4,036 Points:799,970 Joined:Mar 2011	Message Posted: Jul 29, 2012 12:24:46 AM Ignore jetskijerry Report Abuse STOCKS UP; GAS UP
CdnLynx Champion Author Ontario Posts:1,082 Points:537,765 Joined:May 2008	Message Posted: Jul 29, 2012 12:23:34 AM Ignore CdnLynx Report Abuse 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!
billduhkid Rookie Author Las Vegas Posts:33 Points:209,140 Joined:Mar 2012	Message Posted: Jul 29, 2012 12:22:58 AM Ignore billduhkid Report Abuse Things don't appear to be getting any better!
Jeff1944 Champion Author South Dakota Posts:4,342 Points:1,101,060 Joined:Jan 2010	Message Posted: Jul 29, 2012 12:21:48 AM Ignore Jeff1944 Report Abuse There is gloom in the US economy.
Matt G Champion Author Boston Posts:4,673 Points:2,800,740 Joined:Jun 2004	Message Posted: Jul 29, 2012 12:21:22 AM Ignore Matt G Report Abuse Ok
livedream Champion Author Michigan Posts:3,845 Points:782,010 Joined:Mar 2011	Message Posted: Jul 29, 2012 12:20:19 AM Ignore livedream Report Abuse 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!!
Zonk Champion Author Michigan Posts:6,621 Points:2,130,465 Joined:Oct 2005	Message Posted: Jul 29, 2012 12:20:09 AM Ignore Zonk Report Abuse obama wants higher gas prices.
CarpenterNJ Champion Author New Jersey Posts:1,372 Points:538,515 Joined:Sep 2011	Message Posted: Jul 29, 2012 12:19:57 AM Ignore CarpenterNJ Report Abuse It is all rigged...
bra0712 Champion Author Arizona Posts:3,795 Points:795,800 Joined:Nov 2008	Message Posted: Jul 29, 2012 12:19:24 AM Ignore bra0712 Report Abuse Ok
AKmailman Champion Author Alaska Posts:5,763 Points:1,585,565 Joined:Jul 2004	Message Posted: Jul 29, 2012 12:18:05 AM Ignore AKmailman Report Abuse on a daily basis the ups ad downs for the price of oil has no significant impact on gas prices
silverfoxv65 Champion Author Michigan Posts:4,623 Points:1,257,450 Joined:Sep 2009	Message Posted: Jul 29, 2012 12:17:50 AM Ignore silverfoxv65 Report Abuse Just more greed!
Dodge_Me Champion Author Atlanta Posts:2,214 Points:576,480 Joined:Mar 2006	Message Posted: Jul 29, 2012 12:17:50 AM Ignore Dodge_Me Report Abuse Sucks
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Jul 29, 2012 12:15:46 AM Ignore crreed1 Report Abuse BS
mtaboy Sophomore Author New Jersey Posts:195 Points:55,645 Joined:Dec 2004	Message Posted: Jul 29, 2012 12:15:39 AM Ignore mtaboy Report Abuse 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]
chuckwthompson Champion Author Charlotte Posts:3,895 Points:604,885 Joined:Sep 2011	Message Posted: Jul 29, 2012 12:15:33 AM Ignore chuckwthompson Report Abuse How's that hope and change working out for you? Not too good! Vote 2012
carman11 Champion Author North Carolina Posts:3,480 Points:719,425 Joined:Jun 2011	Message Posted: Jul 29, 2012 12:14:22 AM Ignore carman11 Report Abuse Ok !
Bigwaynef Champion Author South Carolina Posts:11,674 Points:2,108,435 Joined:Dec 2006	Message Posted: Jul 29, 2012 12:13:24 AM Ignore Bigwaynef Report Abuse Hell pries go up even when Crude goes down...
LanguageMan1 Champion Author Tampa Posts:11,866 Points:1,689,490 Joined:Apr 2008	Message Posted: Jul 29, 2012 12:12:54 AM Ignore LanguageMan1 Report Abuse Yep, yawn!!! Gettin' tired.
AuntieM2 Champion Author Grand Rapids Posts:9,475 Points:933,895 Joined:Aug 2005	Message Posted: Jul 29, 2012 12:12:23 AM Ignore AuntieM2 Report Abuse Any excuse to raise prices...
gamalerin Champion Author Tampa Posts:4,882 Points:1,020,010 Joined:Jul 2010	Message Posted: Jul 29, 2012 12:11:42 AM Ignore gamalerin Report Abuse Gas price is going up for no reason
ManOfLeisureII Champion Author Philadelphia Posts:2,015 Points:481,100 Joined:Jan 2012	Message Posted: Jul 29, 2012 12:11:42 AM Ignore ManOfLeisureII Report Abuse Because they think a stimulated economy will result in propel driving more.
goldseeker Champion Author West Virginia Posts:19,755 Points:2,746,515 Joined:Sep 2005	Message Posted: Jul 29, 2012 12:11:33 AM Ignore goldseeker Report Abuse And so it did.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Jul 29, 2012 12:10:22 AM Ignore pastorpaulcg Report Abuse Prices rise on "hope" for more stimulus? Because the previous one did so well?
DrLyon Champion Author Michigan Posts:6,769 Points:1,238,615 Joined:May 2006	Message Posted: Jul 29, 2012 12:09:44 AM Ignore DrLyon Report Abuse Nuts...
rahcat Champion Author Grand Rapids Posts:2,681 Points:689,900 Joined:Jan 2010	Message Posted: Jul 29, 2012 12:09:42 AM Ignore rahcat Report Abuse Audit the FED!
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jul 29, 2012 12:09:28 AM Ignore tedjm1 Report Abuse Okay!