Joined Nov 11, 2007
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Gasoline and Crude Oil Jump on Supply Chain Issues

“Gasoline climbed to the highest in almost four months and oil gained the most in a week after a refinery explosion in Venezuela killed 39 people and Tropical Storm Isaac shut rigs in the Gulf of Mexico. U.S. stock futures rose as shares of Apple Inc. rallied.

Gasoline futures jumped 3.3 percent to $3.18 a gallon at 8:21 a.m. in New York and oil advanced 1.3 percent. Nasdaq 100 Index futures rose 0.7 percent as Apple increased 3 percent after its $1 billion court victory over Samsung Electronics Co., which plunged the most in almost four years. The Stoxx Europe 600 Index (SXXP) added 0.4 percent and the euro rose versus 13 of 16 major peers. Spain’s 10-year bonds halted a three-day drop.”

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