Uh oh. Oil prices once again soaring

And the roller coaster moves on and on, and our wallets continue to get thinner and thinner....

From Reuters News: Oil's rise of $16.37 to a closing price $120.92 a barrel came as investors snapped up supplies to cover the October contract, which expired at the end of Monday's session. Although the contract's pending expiration helped inflate crude's advance — it was up $25.45 at one point — trading still showed the intensity of emotion in the market, and still-active contracts also rose sharply.

Good gravy. The biggest one day gain on record--while the rest of the market plummeted once again amidst concerns over the United States' bailout issue, extended fears to oil supplies as well. The gains extend oil's climb from a low near $90 last week after the United States unveiled a sweeping rescue plan for its battered financial sector, improving the outlook for energy demand in the world's biggest consumer nation.

In the famous words of Charlie Brown..."AAAAAAAAAAUGGGGGGGH!!!!!"

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Uh oh. Oil prices once again soaring

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