Economy News Baghdad:
Oil prices rose on Wednesday after China said it would increase spending to curb the economic slowdown that is putting pressure on financial markets .
Brent crude was $ 61.85 a barrel in futures contracts at 0624 GMT, up 35 cents, up 0.6 percent from the previous close .
US West Texas Intermediate crude futures rose 25 cents, or 0.5 percent, to $ 53.26 a barrel .
The price rise came after a 2 percent drop in crude futures and a drop in global financial markets on Tuesday as concerns about global growth prompted investors to turn to safe assets such as government bonds or gold .
China's Finance Ministry said on Wednesday the government would boost fiscal spending this year to support the economy, which last year registered the lowest growth rate since 1990 .
The Bank of Japan said it would maintain its tight monetary policy, which has been in place since 2013.
Views Date Added Date 23/01/2019 economy-news.net/content.php?id=15175
Oil prices rose on Wednesday after China said it would increase spending to curb the economic slowdown that is putting pressure on financial markets .
Brent crude was $ 61.85 a barrel in futures contracts at 0624 GMT, up 35 cents, up 0.6 percent from the previous close .
US West Texas Intermediate crude futures rose 25 cents, or 0.5 percent, to $ 53.26 a barrel .
The price rise came after a 2 percent drop in crude futures and a drop in global financial markets on Tuesday as concerns about global growth prompted investors to turn to safe assets such as government bonds or gold .
China's Finance Ministry said on Wednesday the government would boost fiscal spending this year to support the economy, which last year registered the lowest growth rate since 1990 .
The Bank of Japan said it would maintain its tight monetary policy, which has been in place since 2013.
Views Date Added Date 23/01/2019 economy-news.net/content.php?id=15175