Closing in on $46 a barrel

From CBS Marketwatch:

SAN FRANCISCO (CBS.MW) -- Crude-oil futures prices climbed closer to $46 a barrel as traders mulled the possible outcome of the U.S. battle against Shiite militants in Iraq, and the presidential recall vote in Venezuela this weekend. September crude is up 40 cents at $45.90 a barrel on the New York Mercantile Exchange. It remains in record territory.