USATODAY.com - Oil continues run past $70 a barrel: "Oil prices hit a new intraday high of $70.88 a barrel Tuesday a day after settling above $70 a barrel at the close of commodities trading in New York for the first time.

Light, sweet crude for May delivery surpassed the previous record of $70.85 a barrel in Asian electronic trading on the New York Mercantile Exchange, before easing back to $70.75. That's up 35 cents from Monday, when the contract settled at $70.40 a barrel, a record close. "