Oil, ETFs Spike As Investors’ Nerves Frayed By Fed’s Plan

Bailout anxiety today led to the biggest one-day spike in the price of oil as the dollar weakened and crude futures contracts expired. Oil jumped by $25 a barrel, which more than shattered the previous record one-day price jump of $10.75, reports the Associated Press. As a result of the jump, the Nymex halted electronic crude [...]