Markets

Brent Rises on Chinese Pledge for Growth

Brent crude oil ticked up toward $111 after Chinese officials announced an ambitious growth goal for 2013. The commodity traded at $110.52 at 7:09 GMT on Tuesday morning.

According to Reuters , Chinese premier Wen Jiabao said the country would increase fiscal spending in order to match 2012's economic growth of 7.5 percent. Jiabao's statements on Tuesday helped ease worries that followed a disappointing purchasing managers' survey which suggested China's service and manufacturing sectors could be slowing down.

Read More on International Business Times

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.

Other Topics

Commodities

Latest Markets Videos