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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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OIL!

posted on Sep 22, 2008 10:44AM

Crude futures set for biggest daily price leap ever

By Myra P. Saefong

Last update: 2:29 p.m. EDT Sept. 22, 2008

Comments: 63

SAN FRANCISCO (MarketWatch) -- Crude futures leaped as much as $25 per barrel, or 24.3%, shortly before the New York close Monday, to tap a high of $130 per barrel. They're poised to score their biggest daily gain since 1984 -- when crude began trading on the New York Mercantile Exchange. October crude was last up $19, or 18.2%, at $123.55 per barrel on Globex.

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