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October 29, 2007 9:00 AM, EDT

Oil Tops $93 a Barrel

Edouard Gluck/Blooomberg News

Crude oil climbed above $93 a barrel for the first time in intraday trading Monday, after Mexico shut 20% of its production, Bloomberg reported.

State-owned Petroleos Mexicanos, the third-largest supplier of U.S. crude oil, halted about 600,000 barrels a day of output as a storm in the Gulf of Mexico closed platforms, Bloomberg said.

Oil closed at more than $90 for the first time on the New York Mercantile Exchange Thursday and Friday, setting a closing-price record of $91.86 a barrel on the Nymex Friday, Bloomberg said.

The Energy Department releases its weekly survey of diesel and gasoline retail prices Monday afternoon. Last week’s diesel pump price of $3.094 was the highest since a record $3.157 two years ago.