Light sweet crude for delivery in September soared 70 cents to finish at 45.50 dollars a barrel, a record settlement price. During the day's trade, it spiked at an all-time high 45.75 dollars.
London's benchmark Brent North Sea crude for September shot up 72 cents to a record finish of 42.29 dollars. It hit an all-time high of 42.56 dollars.
