EMC’s Business Finance blog

Crude-oil futures leaped more than $16 a barrel Monday to score their biggest one-day gain in dollar terms since 1984 — when crude began trading on the New York Mercantile Exchange.
Crude futures rallied Monday to a high of $130 a barrel — their highest intraday level in two months — buoyed by a steep drop in the U.S. dollar and speculation that the Bush administration’s proposal to stabilize the financial sector might help revive economic growth.

I couldn’t believe that it happened too fast. The stock market has shaken and the oil went up. Will it go to $140 a barrel again? I don’t know.