Reuters: Oil above $53 as U.S. equities surge

[chris]

Oil above $53 as U.S. equities surge
      
   
      

LONDON (Reuters) - Oil jumped more than $1 to above $53 a barrel on Monday, supported by a rise in the stock market after strong housing data and on details of a U.S. plan to remove toxic assets from bank balance sheets.<div class="feedflare">
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