Production problems pushes oil price even higher. Above $53 now

US crude prices have soared to fresh four-month highs above $53 in the US as refinery problems propelled petrol prices to an all-time high.
US light sweet crude futures jumped to $53.09 a barrel in New York before closing at $53.03.

The gains tracked a surge in US gasoline futures to a record high of $1.4850 a gallon.

The jump followed a fire at Western Refining Company’s refinery in Texas, which shut down petrol production.