Markets

Brent Gains Momentum on US Optimism

Positivity about the US economy helped support Brent prices on Wednesday morning and the renewed optimistic sentiment drove prices to $111.38 at 10:00 GMT.

The Dow Jones industrial average reached a record closing high on Tuesday after the US economy showed signs of strength. The sudden increase was attributed to data that showed the US service sector quickened at a rate unseen since last year. The surge in equity markets lent support to Brent as investors gained confidence that the US economy was picking up despite uncertainty over the recent "sequester".

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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