« Stocks leap higher after Fed rate cut (AP)
Fed cuts rate to help ease housing slump (AP) »

Oil surges 5 percent to record $95 a barrel (Reuters)

A ship loads crude oil at Bonga off-shore oil field outside Lagos, October 30, 2007. (Akintunde Akinleye/Reuters)Reuters - Oil surged 5 percent to a record $95 a
barrel on Wednesday after a steep drop in U.S. inventories
fueled winter supply concerns and the U.S. Federal Reserve cut
interest rates.

Original post by Yahoo! News: Business

This entry was posted on Wednesday, October 31st, 2007 at 3:58 pm and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.