Morning Call: Crude 112.50 +1.04%; Cotton 96.37 +0.94%; BDI 1013 -3.8%

Crude prices rose in Asian trading on news that France was pushing for faster implementation of sanctions against Iran and comments from Saudi Arabia in support of average global crude prices at $US100 per barrel.

Sentiment towards commodities was also supported by faster than expected Chinese GDP growth in 2011Q4. Chinese GDP expanded by 8.9%, against expectations of an 8.7% rise although this is the slowest rate of increase for over 2 years.