Toronto stocks set a record high for the second straight day on Thursday, boosted by oil & gas stocks as oil prices jumped.

The S&P/TSX composite index closed up 75.68 points, or 0.5%, at 14,100.71, a record high.

Overall, seven of the 10 TSX main groups were higher, led by a 2% rise in shares of oil and gas companies as U.S. crude oil rose US$2.31 to US$64.86 a barrel as U.S. refinery breakdowns pressured gasoline supplies.

Suncor Energy rose $2.67, or 2.9%, to $94.87, while EnCana climbed $1.14, or 1.7%, to $67.89.

Among the session losers, lower metals prices helped to pull down the mining subindex by 0.8%. Teck Cominco dropped 42¢, or 0.9%, to $44.58, while Lundin Mining shares fell 30¢, or 2.2%, to $13.18.

Among financial stocks, Bank of Montreal shed 30¢, or 0.4%, to $69.40. The bank said it will record $680 million in pretax trading losses, up from a previously announced loss of between $350 million and $450 million.

In M&A news, shares of BCE rose 79¢, or 2%, to $37.88 after the Globe and Mail newspaper reported private equity firm Cerberus Capital Management LP is considering making a bid for the telecom firm.

BCE is already in talks with Kohlberg Kravis Roberts & Co. and Canadian pension funds over a going-private transaction.

The S&P/TSX Venture composite index was off 6.42 points to 3,236.55.

The Canadian dollar rose 0.43 of a cent to US91.02¢.

In New York, U.S. stocks edged lower.

The Dow Jones industrial average declined 10.81 points, or 0.08%, to end at 13,476.72. The S&P 500 dipped 1.39 points, or 0.09%, to finish at 1,512.75. The Nasdaq composite index shed 8.04 points, or 0.32%, to close at 2,539.38.

During the session, the Dow hit an all-time intraday high at 13,516.71.