Oil Surges 58 Cents to $84.49

Bloomberg reported that oil surged 58 cents on concern over Federal Reserve’s steps to stimulate the economy.

As quoted in the market news:

Oil for July delivery advanced as much as 58 cents to $84.49 a barrel in electronic trading on the New York Mercantile Exchange, and was at $84.48 at 8:52 a.m. Sydney time.

Click here to read the full Bloomberg report.