Oil Rises for Second Day on Fed Stimulus Hopes, Equities Rally

Business Week reports that Oil surged for a second day amid speculation that the Federal Reserve will support efforts to stimulate the economy.

The market news is quoted as saying:

Crude for October delivery rose $1.40, or 1.7 percent, to $85.82 a barrel at 12:27 p.m. on the New York Mercantile Exchange.

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