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    market news

    Oil Prices Rise on China’s Inflation Report

    Investing News Network
    Feb. 15, 2011 09:48AM PST
    Resource Investing News

    ABC News reports that Oil prices rose Tuesday on news that China’s inflation rate rose less than expected.

    ABC News reports that Oil prices rose Tuesday on news that China’s inflation rate rose less than expected.

    The market news is quoted as saying:

    China’s inflation rate was 4.9 percent in January, largely due to a double-digit increase in food prices. It was less than the 5.4 percent rate that analysts expected but higher than the 4.6 percent rate in December.

    Click here to access the entire news

    market newschina
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