Oil prices posted the biggest one-day dollar gain ever Monday as the dollar was punished by the government's $700 billion Wall Street bailout plan and big investors scrambled to fill obligations as the October contract expired. The October contract surged in afternoon trading, reaching as high as $130.00 - a more than $25 gain. But it dropped back down to settle at $120.92 a barrel, up $16.37 from Friday's close.
The gain eclipsed the $10.75 spike in oil on June 6.
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