Oil Surges 58 Cents to $84.49
Bloomberg reported that oil surged 58 cents on concern over Federal Reserve’s steps to stimulate the economy.
As quoted in the market news:
Oil for July delivery advanced as much as 58 cents to $84.49 a barrel in electronic trading on the New York Mercantile Exchange, and was at $84.48 at 8:52 a.m. Sydney time.
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