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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:5,790 Points:1,436,625 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:1,246 Points:1,367,875 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:2,365 Points:1,103,935 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:529,360 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:1,272 Points:337,700 Joined:Apr 2011	Message Posted: Feb 9, 2012 8:48:59 AM Ignore dorisntx Report Abuse ok
uglytom Champion Author Florida Posts:6,210 Points:1,293,790 Joined:Jul 2007	Message Posted: Feb 9, 2012 8:42:18 AM Ignore uglytom Report Abuse Really?
MontanaMac Champion Author Washington Posts:1,083 Points:279,750 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:1,461 Points:598,375 Joined:Aug 2010	Message Posted: Feb 9, 2012 8:31:26 AM Ignore Evilmaddog Report Abuse ????? blah,blah