Oil Continues to Surge, Rising Past $143 a Barrel

Bruce Harmon/Trans Pixs

Crude oil rose to a record of more than $143 a barrel Monday, on Mideast supply concerns and a shaky global economy, the Associated Press reported.

Benchmark light, sweet crude futures gained $3.46 to $143.67 a barrel in pre-market New York Mercantile Exchange electronic trading, AP said.

Oil finished last week’s trading at a record closing price $140.21 on the Nymex on Friday, receding from an overall record $142.99 in intraday trading.

U.S. gasoline prices, reaching a national average of $4.086 a gallon, according to a survey by AAA, the Oil Price Information Service and Wright Express, AP said.

The Energy Department will release its weekly survey of diesel and gas prices Monday afternoon.