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NEW YORK (CNNMoney.com) -- Oil prices jumped more than $20 a barrel Monday in biggest dollar jump ever as the dollar falls following the government's $700 billion Wall Street bailout plan.
Oil surged $22.46 to $127.01 a barrel, after reaching as high as $128.55 - a $24 gain - at these levels it will be oil's biggest gain ever in dollar terms.
Originally posted by 38181
I wouldnt get your panties in a wad yet....................stop the fear mongering please.
Originally posted by ArMaP
Will that be followed by a rise in the Euro?
I have noticed (but not studied it) that whenever the price of oil rises the Euro also rises when compared to the Dollar, and vice versa.
I have been thinking about searching more info about the oil price in Euros, I think that it has been more or less stable, but I have no real data about it.