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Brent for August delivery lifts to $86 again as expiry looms
Since an earlier update here this morning noted the rebound back above $85 in the price of August Brent, the price has extended on that move and just now come close to $86 per barrel again. The high set a moment ago was at $86.06. The reader is reminded; that later today the August contract will expire and tomorrow we will be trading the September contract. Perhaps the price action we are now seeing is a pre-expiry squeeze on recent short positions? Brent is currently trading at $86.05
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