# Global stock markets buoyed as Brent crude tops $30 a barrel

> Global stock markets rose as Brent crude moved above $30 a barrel on May 5, 2020. Chinese manufacturers struggled to raise output while much of the world stayed in lockdown, and Chinese central bank data showed rising borrowing. Expectations that more countries would lift restrictions also supported sentiment.

- Date: 2020-05-05 · published 2020-05-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8046-global-stock-markets-buoyed-as-brent-crude-tops-30-a-barrel
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude on reopening expectations supports energy-linked input costs, while weak Chinese manufacturing output limits demand for imported commodities.

## Read by commodity

- BRENT: bullish ▲

## Sources

- theguardian.com: https://www.theguardian.com/business/2020/may/05/global-stock-markets-brent-crude-oil-consumption

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.