Brent crude hits $40 a barrel as iron ore prices soar by 19%
by Phillip Inman Economics correspondent from on (#169J3)
Metal's highest rise since 2009 on back of China's plans to boost growth as oil prices also continue to recover
Brent crude oil has climbed back above $40 a barrel, as the recovery in commodity prices continued with iron ore posting a record rise of nearly 20%.
Commodities prices have jumped in the last month on expectations that Beijing will work more aggressively to boost growth after two years of faltering manufacturing output.
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