Oil prices rose this morning as lower inflationary pressure in China allowed the government to ease monetary policy and spur demand to allay fears of a slowdown in the world’s second-largest oil consumer.
Brent crude rose 68¢ a barrel for the fifth consecutive day to $115.68, while US crude gained 16¢ to stand at $96.96 a barrel.
Italy and Greece are working towards a solution for their sovereign debt problems, easing concerns of financial turmoil in the eurozone, reports Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData