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U.S. Crude Sets Record High of $125.98 a Barrel

Tags: Crude, New York Mercantile Exchange, Record, US

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2008-05-09 05:00:58.0

NEW YORK (Reuters) - U.S. crude futures jumped more than $2 to a record high above $126 on Friday, fueled by fund buying and surging distillate prices on both sides of the Atlantic, according to traders.

On the New York Mercantile Exchange at 9:24 a.m. EDT, June crude was up $2.18, or 1.76 percent, at $125.86 a barrel, trading from $124.08 to a record $126.20.

(Reporting by Robert Gibbons)

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