Brent rises above $112 on weak dollar, demand growth hopes
1/18/2012 11:58:09 AM
SINGAPORE: Brent crude rose above $112 on Wednesday as the dollar weakened and a slew of positive economic indicators, from China to the United States, eased demand concerns triggered by the debt crisis in Europe.
Asian shares, the euro and base metals held steady after the positive data, although market participants have now shifted focus to Europe with Portugal testing investor confidence in a debt sale, and as talks of a default by Greece resurface.
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