Oil Prices On All-Time Record

Oil prices rose above $93 a barrel to a new trading high Monday in Asia on growing political tensions in the Middle East, a weak dollar and worries about the supply outlook ahead of winter.

Light, sweet crude for December delivery rose as much as $1.34 to $93.20 a barrel, a new intraday record, in early afternoon Asian electronic trading on the New York Mercantile Exchange, before slipping back to $93.05.