Reuters: Oil surges $2 to near $109 on hurricane threat

[chris]

Oil surges $2 to near $109 on hurricane threat
      

PERTH (Reuters) - Oil jumped than $2 to near $109 a barrel on Monday, rebounding from a five-month low on worries that Hurricane Ike would tear through the Gulf of Mexico, and on hopes that a U.S. bailout of its top mortgage lenders would help temper an economic downturn.
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