Harris long on energy as oil jumps to two-year high

Oil prices have jumped above $90 a barrel for the first time in two years as a weak dollar continues to drive demand for commodities.

In London, January Brent Crude ended yesterday 2.05% higher to $90.69, the highest since October 2008. Improving economic data in the US, which could lead to increasing oil usage across the Atlantic, was one of the main drivers of the recent surge. Oil peaked at $147 a barrel in mid-2008, but sank below $40 by the end of the year. Henderson head of multi-manager Mark Harris is long energy stocks and says investors should get used to a higher equilibrium for the oil price. "Whether it explodes on the upside in the near-term is hard to tell, but we are definitely in the ‘higher fo...