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Oil jumps nearly $2 to $108 on hurricane threat

08-Sep-2008
Story Timeline:  85 days

By Fayen Wong PERTH (Reuters) - Oil rose nearly $2 to $108 a barrel on Monday, rebounding from a five-month low on worries that Hurricane Ike would tear through the Gulf of Mexico, and on hopes that a U.S. bailout of its top mortgage lenders would help temper an economic downturn. Traders were also awaiting a production decision from the Organisation of the Petroleum Exporting Countries (OPEC), with expectations... [read full story]                    

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Oil jumps nearly $2 to $108 on hurricane threat

ibnlive.com 08-Sep-2008
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Oil surges $2 to near $109 on hurricane threat (Reuters)

yahoo.com 08-Sep-2008
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