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Brent crude falls below $71 per barrel again
Just as the US stock markets reopened Oil prices lifted, seemingly on some rather spurious geopolitical news surrounding the war in Ukraine. Well, almost immediately the gain towards $71.40 in November Brent was reversed just as sharply as it was delivered and now the price has fallen to fresh session lows a moment ago. Brent has fallen to below $71 and hit a low around $70.70 and this drop comes even as the US stock markets open higher, which is a little perplexing. The low seen on Brent last Friday was set at $70.61. It is just now trading at $70.85
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