OIL

Yahoo: US Oil Prices Hit an All-Time Record High

NEW YORK (Reuters) - U.S. oil prices hit an all-time record high on Thursday amid concerns over thin gasoline supplies ahead of peak demand driving season and tight global crude stocks.

Benchmark U.S. light crude futures for June delivery climbed to $41.17 a barrel in after hours trade -- the highest level since October 1990 following the Iraqi invasion of Kuwait. It settled the regular session up 31 cents to $41.08, while London Brent gained 54 cents at $38.49 a barrel.