Oil prices hit their highest level since 2015 this week, while there is some talk of prices continuing to recover.
Despite having worked in the resources sector for many years, I don't spend much time trying to second guess commodity prices these days (read: poor track record, lol).
That said, commodity exports are so integral to Australia's fortunes, you really do have to analyse what's taking place to get any real feel for the outlook.
Meanwhile, coal prices are going absolutely bananas.
More good news for Queensland here, with trade surpluses set to be the order of the day for the Sunshine state.