Summary Box: Metals jump on demand expectations

AP News
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Posted: Feb 21, 2012 3:20 PM
Summary Box: Metals jump on demand expectations

METALS POLISH: Metals jumped on expectations that demand may improve after a funding package was approved for Greece and China took steps to stimulate economic growth.

GLOBAL WATCH: European leaders approved a multi-billion dollar loan and debt relief package for Greece. Separately, China's central bank said it will cut the ratio of funds that banks must hold as reserves to try to free up dollars for lending.

OIL SWIRLS: Oil rose on concerns about European supplies after Iran said it would stop selling oil to Britain and France in retaliation for Europe's planned oil embargo.