Oil rose to a new record high above $143 a barrel on Monday, the Associated Press reported. Light, sweet crude for August delivery was up $3.31 to $143.52 a barrel in electronic trading on the New York Mercantile Exchange, by midday in Europe. Earlier in the session, the contract rose to a new record high of US$143.67 before falling back slightly. On Friday, crude futures had spiked at a record $142.99 a barrel in New York before closing at $140.21. In London, Brent crude futures rose $3.44 to $143.75 a barrel on the ICE Futures exchange in London. In other Nymex trading, heating oil futures rose 6.44 cents to US$3.9710 a gallon (3.8 liters) while gasoline prices rose 5.88 cents to US$3.56 a gallon. Natural gas futures increased 17.2 cents to US$13.37 per 1,000 cubic feet.
