Oil Is Rallying

Brent oil prices are up 1.2 percent this afternoon as Fed Chairman Ben Bernanke announced the agency's bond buying program would continue almost entirely in tact.

WTI prices were also up 1.1 percent.

Markets are also responding to Venezuela's announcement that it was suspending all contact with the U.S. Venezuela's foreign minister said he didn't know what kind of relations Washington wants in 2013.