Crude prices surged Friday afterthe U.
government said it was working on a comprehensive plan torescue the banking system.
Treasury, the Federal Reserve and congressional leaders said late Thursday they were putting together a comprehensive plan to rescue financial sector.
In Nigeria, the second-largest oil producer in Africa, a militant group in southern Nigeria said it had destroyed a major oil pipeline belonging to Royal Dutch Shell.
A weakening U.
dollar also made oil and other commodities a more attractive investment for investors.
Light, sweet crude for October delivery jumped 6.
67 dollars to settle at 104.
55 dollars a barrel.
In London, Brent North Sea crude for November climbed 4.
42 dollars to settle at 99.
61 dollarsa barrel.