Oil prices return to record highs

These kind of rises could really eat into any growth forecasts for the rest of the year, how high can it go?

In Wednesday trading in New York, a barrel of US light crude temporarily hit a fresh high of $65.00 before ending the day’s trading at $64.90. London Brent saw similar gains, jumping $2.08 to a new peak of $64.06 a barrel, before settling at $63.99.