"Oil hits a new high point"
"Crude surges to an all-time trading high of $109.20, propelling expectations of oil hitting psychologically significant $110 mark"
If this headline and 350+ points on Dow don't move SP, don't know what will. Maybe some more detail from Mgmt as well......
I would expect it to hit $2.25 at least today, then more when we get the detail of the deal.