Oil Sets Record as New Violence Flares in Iraq

U.S. light crude rose 53 cents to $47.80 a barrel, a new record, and London Brent gained 51 cents to $43.54 a barrel. U.S. prices have set record peaks in all but one of the past 15 trading sessions and are up more than $10.50 a barrel, 28 percent, since the end of June.

Reuters