Oil prices skyrocket

Oil prices jumped more than $25 a barrel today in the biggest dollar jump ever, as the dollar was punished by the government's $700 billion Wall Street bailout plan and big investors scrambled to fill obligations. Oil surged in afternoon trading, reaching as high as $130, but dropped back down to settle at $120.92 a barrel, up $16.37 from Friday's close, CNNMoney.com reports. developing story

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