GLOBAL MARKETS-Oil, commodities rally as dollar falls sharply 30/10/2008 7:47:34 AM * Dollar slides on track to biggest plunge in 23 years
* Oil surges nearly 9 percent on weak dollar, fuel data
* U.S. stocks rally sputters at end after Fed rate cut
* Commodity prices surge in record surge as dollar falls (Adds close of U.S. markets)
By Herbert Lash
NEW YORK, Oct 29 (Reuters) - Crude oil surged nearly 9 percent and other commodities notched record percentage gains on Wednesday as the dollar posted its biggest one-day drop since 1985 after U.S. interest rates were cut.