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Brent crude for August delivery falls below $80

Just ahead of the US ISM data and as the US PMI data is about to be revised for May, Oil prices have taken a hit. Asking contacts, we see now discernible news to attribute the move to. The price of Brent for August delivery has just now fallen to below $80 a barrel for the first time in a long while and the fall comes as US stocks rotate between losses in the Dow Jones and gains in the Nasdaq 100. That S+P Global manufacturing PMI data has just been revised higher, to 51.3 from 50.9. Brent is right now trading at $79.75
 

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