The Traderszone Network

Published in TZ Latest News 22 October, 2015 by The TZ Newswire Staff

Oil prices climb on upbeat economic data, ECB stimulus moves

Oil prices extended gains into a second day in Asian trade on Friday, finding support from brighter economic data and a global stock market rally after the European Central Bank signaled its willingness to launch more stimulus measures. The gains followed a slew of upbeat economic data, while ECB president Mario Draghi said new Eurozone pump priming initiatives could be unveiled as soon as December. “It’s all about the numbers,” said Jonathan Barratt, chief investment officer at Sydney’s Ayers Alliance.