OK well here it is,oil was never up $24 the max it went up to was $16 at first it hit the daily trading limit of a $10 difference but the floor changed the daily trading limit and let it climb. Also your news story is incorrect here is the correct.
More than 30 refineries, which convert crude oil into usable gasoline, had shut down or were operating with reduced capacity in the Gulf region after the storms hit.
As of early Monday, roughly 89% of crude oil production remained shuttered and 75% of natural gas output was down, according to the U.S. Department of Energy Web site. Twenty-six major natural gas pipelines in the Gulf continue to report shutdowns or reduced
production
But oil prices rallied back above $104 a barrel Friday amid growing optimism that the government's various rescue plans will help ease the credit crisis currently stifling the U.S. economy. Crude for October delivery was up $1.44 to $105.97 early Monday.
http://money.cnn.com/2008/09/22/news/economy/gas_prices/