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Oil and iron ore surge in commodities 'renaissance'

Stephen CauchiBusiness reporter
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Analysts are calling a "renaissance" in commodities after oil climbed to a 10-month high overnight and as iron ore prices jumped further above the US$50-a-tonne threshold.

On Tuesday night iron ore climbed a further 2.8 per cent to $US52.54, and is now up 9 per cent since after slumping to $US48.18/tonne last Thursday. Brent crude oil jumped 1.9 per cent overnight to $US51.49/barrel, as the US dollar continued to ease.

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Stephen Cauchi reports on markets. Connect with Stephen on Twitter.
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    Original URL: https://www.afr.com/markets/equity-markets/oil-and-iron-ore-surge-in-commodities-renaissance-20160607-gpd6rv