Oil Spikes to Record Above $117 a Barrel after Tanker Attack

BANGKOK, Thailand - Oil prices have spiked to a record of $117.40 a barrel after a Japanese oil tanker was attacked in the Middle East, off the east coast of Yemen.

The tanker's operator says it was attacked by unidentified ship Monday off the east coast of Yemen as it was heading for Saudi Arabia. There were no injuries.

But a report from Kyodo News agency said the vessel was leaking fuel after it was fired on by a rocket launcher from a small boat.

In Asian electronic trading on the New York Mercantile Exchange, light, sweet crude for May delivery was trading at $117.20 a barrel. That's up 51 cents from Friday's close.


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