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Bernanke Pledge on Economy Gives Some Relief to Oil Prices

Bernanke Pledge on Economy Gives Some Relief to Oil Prices
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Editor's Note: This article was written by energy journalist and government energy adviser Darrell Delamaide of OilPrice.com which offers free information and analysis on energy and commodities. The site has sections devoted to fossil fuels alternative energy metals oil prices and geopolitics. Oil prices recovered some lost ground Friday after Federal Reserve chairman Ben Bernanke said the Fed stands ready to do whatever it takes to support economic recovery.The benchmark West Texas Intermediate October futures contract gained 2.5% on Friday settling at $75.17 a barrel and wiping out losses from the beginning of the week. The expiring September contract ...

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