By Jane Merriman and Santosh Menon 46 minutes ago LONDON (Reuters) - Oil leapt to a new record high above $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets helped to trigger a wider commodities rally.U.S. light crude for August delivery was $1.70 up at $141.34 a barrel by 8:12 a.m. EDT, off a record high of $142.26.
London Brent crude was $1.39 up at $141.22, off a record high of $142.13.
Read More