USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

137

Oil Prices Surged on Middle East Violence

Oil prices hit a record Thursday as an escalation of violence in the Middle East

Oil Prices Surged on Middle East Violence

Oil prices hit a record Thursday as an escalation of violence in the Middle East triggered concerns about stability in the region.

Light, sweet crude for August delivery rose 93 cents to $75.88 a barrel in electronic trading on the NYMEX, breaking the previous intraday high of $75.78 set last Friday.

London's Brent contract futures for August rose 99 cents to $75.38 a barrel, above its previous $75.09 per barrel record notched Friday.

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