Brent crude gained slightly above $109 on Tuesday, as markets awaited the results of two meetings to tackle Europe's debt crisis and Iran's nuclear programme, which could affect global oil demand and supply.
Brent crude gained slightly above $109 on Tuesday, as markets awaited the results of two meetings to tackle Europe's debt crisis and Iran's nuclear programme, which could affect global oil demand and supply.
It used to be the case prior to the scorching 2008-09 recession that if the US sneezed, the rest of the world would catch a cold. What is now to be figured out is the precise impact a sneezing China could have on the broader world commodities market.
