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Crude Soars to New Record

Oil closes at $80.57 a barrel.
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Crude oil prices surged nearly 2% and reached both intraday and closing record highs above $80 a barrel Monday in New York.

The October contract jumped $1.47 to $80.57, going out just below its session best at $80.70. Natural gas advanced 37 cents to $6.65 per million British thermal units.

Reformulated gasoline was up almost a penny to $2.04 a gallon, and heating oil tacked on 2 cents at $2.23 a gallon.

Among stocks,

Exxon Mobil

(XOM) - Get Exxon Mobil Corporation Report

rose 59 cents to $89.26.

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(COP) - Get ConocoPhillips Report

slipped 54 cents to $84.73.


(CVX) - Get Chevron Corporation Report

added 28 cents to $90.93.

More broadly, the Amex Oil Index eased 0.3% to 1406.