Crude Oil Strikes Another Intraday Record

Energy futures were moving higher in midmorning trading at the New York Mercantile Exchange, spurred by overnight weakness in the dollar and threatening words from Iran over the weekend that left oil traders worried about possible disruptions to global supplies.

West Texas crude for August delivery was recently gaining $1.69 at $141.90 a barrel. Earlier in the session, the contract set a new record intraday high of $143.67.

August Brent crude was up $1.78 at $142.09 a barrel. Reformulated gasoline was 2 cents higher at $3.52 a gallon, and heating oil was gaining 4 cents at $3.95 a gallon. Near-term natural gas was adding 15 cents at $13.35 per million British thermal units. ...