Oil Surges Along With Stocks

Updated from 9:01 a.m. EDT

Crude oil markets received a powerful boost Friday even as the U.S. stock market roared in an all-day rally on news that the U.S. Treasury Department is formulating a solution to the credit crisis.

West Texas crude for October delivery surged $6.67 to settle at $104.55 a barrel on the Nymex. Nymex data for Brent was unavailable for most of the day, but The Wall Street Journal showed Brent crude futures edged roughly $2 higher to $99.80.

Reformulated gasoline gained 12 cents to $2.60 a gallon, heating oil also climbed 12 cents to $2.90 a gallon, and natural gas slid 5 cents to $7.53 per million British thermal units. ...