Brent Crude Hits Two-Year High

Oil is trading higher overseas with Brent crude up 0.2 per cent at $59.42 a barrel.

The international benchmark settled on Thursday in New York at a 27-month high of $59.30, up 1.5 per cent on the day.

Don't for a minute think that price inflation can't explode upward. It can, and it is very likely we are already in the early stages of the climb.

 -RW