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Brent breaks below $84 per barrel
Following a number of updates here earlier today, the price of Brent Crude oil for September delivery has now busted below the low set on May 20. The prospect of that happening was warned about here yesterday too and the extension below that level has seen Brent fall towards $83.75 as this update is written. It is hard to gauge how much further it might extend to the downside from here. It really depends on a number of immediate factors, such as stops and the wider stock market moves, especially those here in Europe right now
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