Oil prices rise ahead of Fed chief speech Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 4:16 a.m., Friday, August 31, 2012 The price of oil rose to near $95 on Friday as traders awaited a speech by Federal Reserve chief Ben Bernanke for clues on whether the central bank will deliver more help for the struggling U.S.