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Brent crude falls below $77

Oil prices have now fallen back further since I noted a drop close to $77 per barrel in Brent crude in an earlier update. Bent for April delivery has now fallen to below that level a short while ago, as the dollar versus Europe continues to advance and the European stock markets hand back earlier limited gains. The low seen so far has been set at $76.77. It is currently trading at $76.85

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