Ami Bangladeshi

Ami Bangladeshi

Ami Bangladeshi

market

A Day of Horror

Oil's biggest day yet drags down stocks

By ADAM SCHRECK, AP Business Writer 57 minutes ago

NEW YORK - Oil prices made their biggest single-day leap ever Friday, dragging the Dow Jones industrials down nearly 400 points and raising the once-unthinkable prospect of $150 oil and more record gas prices by the Fourth of July.
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The meteoric rise of nearly $11 for the day piled atop an increase of almost $5.50 the day before, taking oil futures more than 13 percent higher in just two days, easily a record on the New York Mercantile Exchange.