Steps to contain European debt crisis aiding crude markets

Natalie Robertson, Commodity Research Analyst, ANZ Economics & Global Markets Research says that steps being taken in Europe to contain its debt crisis is aiding crude markets. With respect to Copper, she said that a possibility of monetary easing in China is supporting copper which is steady in Asian trade after a 9 per cent gain last week. Crude oil rose for the second day on account of rising tensions in Iran as WTI crude climbed above $101/bbl while Brent crude was above $110/bbl.