Crude oil soared on China's growth perspectives

Note: This section contains information in English only.
Source: Forexpros
Crude oil rose during Asian session on Tuesday after Wen Jiabao, China's Premier, urged the country to implement more easing measures to stimulate growth. China is the world's second oil consumer thus faster expansion would increase demand for the energy. Light, sweet crude oil futures for July delivery traded at 93.19 US Dollars per barrel on the New York Mercantile Exchange, rising by 0.36% from the previous session's low of 92.86 US Dollars per barrel.

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