"Oil Below $83 After Fed Gives No Stimulus Hint"

"LONDON -- The price of oil fell to below $83 a barrel on Friday after Federal Reserve Chairman Ben Bernanke gave no hint that the central bank is planning stimulus measures to revive a faltering recovery."

"In London, Brent crude for July delivery was down $2.10 at $97.83 per barrel on the ICE Futures exchange.

Bernanke told Congress on Thursday that the Fed is ready to act if the financial crisis in Europe threatens the U.S. economy. But he didn't indicate that any new steps were on the way."

The Associated Press had the story June 7, 2012.

Source: AP, 06/08/2012