Oil jumps on stock market bounce (Reuters)

Posted by admin on March 1, 2009 under News | 2 Comments to Read

Oil jumps on stock market bounce (Reuters)

GE Energy Financial Services and Houston-based ATP Oil & Gas Corporation have joined forces to own and operate the ATP Innovator, shown here, a floating oil and gas production unit in deepwater Gulf of Mexico that processes much-needed domestic oil and natural gas for supply via pipeline to the US market. (Photo: Business Wire)Reuters – Oil prices rose 4 percent on Tuesday, tracking a bounce on Wall Street, after U.S. Federal Reserve Chairman Ben Bernanke said he was committed to protecting the troubled banking sector.


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