The Sydney Morning Herald | Oil hits more than $US62 a barrel The Sydney Morning Herald Oil has continued its run to hit its highest point in two years, with Brent Crude reaching $US62.07 ($81.10) on Sunday, as continued positive sentiments and production cuts push oil prices north. This return to strength marks a growth of 32 per cent ... US crude touches two-year high after rig count drops Brent oil bets reach new high as Opec gets hedge funds stoked Oil extends surge as OPEC signals deal, supply threats mount |