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Oil posts fourth biggest daily gain on record

By: Yossel in TT | Recommend this post (0)
Mon, 02 Jul 12 12:29 AM | 114 view(s)
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Oil posts fourth biggest daily gain on record

(Reuters) - Oil surged on Friday in heavy trading to the fourth biggest daily gain on record, as a deal by European leaders to shore up euro zone banks triggered frantic short-covering by funds that had been riding crude's price collapse over the last quarter


David Sheppard
NEW YORK
Fri Jun 29, 2012 4:43pm EDT

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http://www.reuters.com/article/2012/06/29/us-markets-oil-idUSBRE83H17O20120629




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