Oil spikes $25 a barrel on anxiety over US bailout (AP)

Courtesy Ytop stories  Mon, 09/22/2008 - 1:52pm

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City.<br /><br />Global stock markets hit fresh trouble Wednesday after the unprecedented US government bailout of giant insurer AIG failed to calm jitters and instead prompted a frenzy for safe haven assets.(AFP/Getty Images/Spencer Platt)AP - 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 battered the dollar and touched off frenzied buying of safe-haven investments including crude.




 

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