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Crude Oil Rises for an Eighth Day in London on Euro Optimism, Cold Snap

Bloomberg -- Oil rose for a eighth day in London on optimism Greece will receive a second bailout and as freezing weather in Europe boosted demand for heating.

Brent crude climbed as much as 0.8 percent, headed for the longest rising streak since October 2009. Oil in New York rose a third day, gaining as much as 0.8 percent. Greek Finance Minister Evangelos Venizelos said he hoped for a “positive decision” on a loan package when he meets European policy makers in Brussels today. The euro rose against the dollar, making commodities priced in the U.S. currency more attractive.

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Submitted Feb 09, 2012 By: TreasuryGuy

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REPLIES (newest first)

Night Owl Champion Author Toronto Posts:5,780 Points:1,434,675 Joined:Jul 2004	Message Posted: Feb 9, 2012 10:23:45 AM Ignore Night Owl Report Abuse More excuses from greedy oil speculators. When is President Obama's April 21st task force on high oil and gas prices finally going to report back?
brbaritone Champion Author Virginia Posts:1,242 Points:1,366,045 Joined:Jan 2007	Message Posted: Feb 9, 2012 10:14:02 AM Ignore brbaritone Report Abuse We actually have two excuses to choose from today - 'optimism' and 'cold.'
investmentdr Champion Author Cleveland Posts:2,355 Points:1,101,985 Joined:Sep 2008	Message Posted: Feb 9, 2012 9:56:39 AM Ignore investmentdr Report Abuse buy now pump prices ready to spike
peakkeller All-Star Author Colorado Springs Posts:958 Points:527,860 Joined:Dec 2009	Message Posted: Feb 9, 2012 9:36:42 AM Ignore peakkeller Report Abuse Slight price increase here in Colorado - still hovering around $3.00 for Unleaded.
dorisntx Champion Author Fort Worth Posts:1,262 Points:335,750 Joined:Apr 2011	Message Posted: Feb 9, 2012 8:48:59 AM Ignore dorisntx Report Abuse ok
uglytom Champion Author Florida Posts:6,200 Points:1,291,840 Joined:Jul 2007	Message Posted: Feb 9, 2012 8:42:18 AM Ignore uglytom Report Abuse Really?
MontanaMac Champion Author Washington Posts:1,073 Points:277,800 Joined:May 2011	Message Posted: Feb 9, 2012 8:34:38 AM Ignore MontanaMac Report Abuse Wow, Euro optimism? Really?
Evilmaddog Champion Author British Columbia Posts:1,455 Points:596,555 Joined:Aug 2010	Message Posted: Feb 9, 2012 8:31:26 AM Ignore Evilmaddog Report Abuse ????? blah,blah