Brent rises toward $112 on Iran, promising economic data
2/2/2012 12:33:41 PM
SINGAPORE: Brent crude rose toward $112 a barrel on Thursday, extending gains for a third day on persistent worries over supply from Iran, while upbeat global manufacturing data also boosted appetite for riskier assets.
Factory activity rose in the United States, China and Germany -- world's three manufacturing superpowers -- in January, raising hopes the global economy will not be dragged down by the euro zone debt crisis and pushing up Asian shares as well as the euro.
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