The price of crude oil climbed more than $4 per barrel today to settle at $54.50 per barrel as the $20 billion government bailout of Citigroup convinced many investors to shift money towards commodities and other assets more secure than the financial sector.

This is the largest one-day gain in crude oil on the New York Mercantile Exchange (NYMEX) since November 4. This is a rise of 51 cents from Friday, as prices creep up from their last-week low of under $50 a barrel.

Last week, oil prices in London were the lowest they’d been in almost four years, while today on London’s InterContinental Exchange (ICE), Brent Crude Oil for January Delivery rose by $4.74, or 9.6% to settle at $53.93 per barrel.

It is speculated that at OPEC’s meeting on Saturday, Nov. 29, several nations could decide to cut oil output as a means to send oil prices higher. However, OPEC made a similar move in October to cut oil production by 1.5 million barrels, and this did not stop prices from tanking.

Meanwhile, gold has hit a five-week high as investors moved money from financial stocks into gold. Spot gold ended the day at $819.50 per ounce, a rise of 3% and its highest price since October 16. Still, gold prices are a long way away from their March high of $1,030.80 per ounce.

At the pump, consumers still had the advantage of gasoline under $2 per gallon for regular unleaded. The national per-gallon average was $1.908, while the state with the cheapest gasoline, Kansas, had an average price of 1.710 per gallon. Alaska posted the highest gasoline prices nationwide at $2.865 per gallon. 

Gasoline for December Delivery settled at $1.1425 per gallon in New York, an increase of 7.4% or 7.82 cents. Gas prices have fallen more than $2 per gallon since reaching a high in July of this year, and fuel prices overall have fallen about 80 cents since last month, according to the AAA Fuel Gauge Report. Gas prices continue to drop due to falling crude oil prices and global economy woes.