Crude Rises On Ideas Bailout Will Increase Demand
Crude is higher in early trade Monday on speculation that the U.S. government's proposed $700 billion rescue plan for the finance industry will spur demand.
I can't see it myself, in fact if anything the great rescue plan could ultimately have the opposite effect, dragging the US further into recession.
October crude, which expires today, is up more than $2 at $106.63/barrel.
I can't see it myself, in fact if anything the great rescue plan could ultimately have the opposite effect, dragging the US further into recession.
October crude, which expires today, is up more than $2 at $106.63/barrel.
