NEW YORK (Reuters) - U.S. crude futures jumped more than $2 to a record high above $126 on Friday, fueled by fund buying and surging distillate prices on both sides of the Atlantic, according to traders.
On the New York Mercantile Exchange at 9:24 a.m. EDT, June crude was up $2.18, or 1.76 percent, at $125.86 a barrel, trading from $124.08 to a record $126.20.
(Reporting by Robert Gibbons)
NEW YORK (Reuters) - Tighter security measures at U.S. airports following an attempt to blow up a Detroit-bound jet could dampen enthusiasm for air travel, hurting the airline industry just as it seemed poised to recover from a period of bruising losses, some industry experts say.
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