Crude oil futures reach record high
LONDON -- Crude oil futures Wednesday jumped to a new record high, riding upward on continuing concern about threats to supplies from Iraq and Russia. U.S. light crude for September delivery briefly hit an intraday high of $44.30 a barrel in electronic pre-session trading on the New York Mercantile Exchange. That price was the highest on record since oil futures began trading on the Nymex 21 years ago.

