Oil prices soared to a new record on Wednesday (May 7) on worries over supply disruptions.
Light sweet crude for June delivery rose USD 1.69 to settle at a record USD 123.53 a barrel on the New York Mercantile Exchange (NYMEX).
June gasoline futures rose 1.27 cents to settle at USD 3.1182 a gallon. The retail gas prices rose 0.8 cent overnight to USD 3.618 a gallon.
June heating oil futures rose 9.38 cents to settle at USD 3.4473 a gallon at the NYMEX.
In London, June Brent crude futures rose USD 2.01 to settle at USD 122.32 a barrel on the ICE Futures exchange.
June natural gas futures rose 17.7 cents to settle at USD 11.327 per 1,000 cubic feet.