Financial Briefs

Breaking financial news from Wall Street to Main Street

Oil spikes $25 a barrel on anxiety over US bailout

Posted by financialbriefs on September 22, 2008

 Oil prices spiked more than $25 a barrel Monday—the biggest one-day price jump ever—as anxiety over the government’s $700 billion bailout plan, a weak dollar and an expiring crude contract ignited a dramatic rally.

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