Crude Oil Joins Broad Market Rally on US Government's Bank Plan

摘要

The May Nymex crude contract gained $1.73 to close at $53.80 per barrel on Monday. Traders said the move was mainly driven by the US government's disclosure of plans to help banks remove bad assets from their books. The stock market also surged in response to those plans. May Brent on ICE Futures added $2.25 to settle at $53.47/bbl.