Crude Oil Rally Pauses

Updated from 7:53 a.m. EDT

Oil futures Monday were slightly lower Monday, having hit another new record high in early trading as supply worries were heightened after the head of Iraq's governing council was killed in a blast.

The benchmark U.S. crude was off 23 cents, or 0.6%, to $41.15. The benchmark European crude, Brent North Sea, was down 21 cents to $37.65 in London trading. Gasoline futures, however, remained at a record high, gaining abouth a fifth of one cent to $1.412.

Both oil and gasoline futures bounced in early trading after the Iraqi official, Izzedine Salim, was killed in a car-bomb attack in Baghdad. ...