23-Sep-2008 11:31 AM
Oil roars back - biggest one-day gain ever
Analysis
Oil prices soared in New York overnight, sending airline share prices tumbling. Investors again took shelter in commodities amid a falling US dollar, as financial markets digest the massive US government financial bail-out. The huge spike in oil - up an astonishing USD25 per barrel in intra-day trade - was also partly due to traders closing out positions for October crude delivery.
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