Oil Jumps Past $93

Crude futures hit an all-time high north of $93 a barrel Monday on a mixture of bullish trading momentum and reports that Mexico is slashing oil production because of severe weather.

The December light sweet crude contract jumped $1.67 to $93.53, its highest close ever, at the New York Mercantile Exchange. Reformulated gasoline was 5 cents higher at $2.33 a gallon. Heating oil was up 3 cents at $2.46 a gallon.

Near-term natural gas finished ahead by 5 cents at $7.27 per million British thermal units. The November contract at the Nymex expired at the end of the session. ...