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Brent crude rebounds as US stock futures surge

Another reaction playing out across the markets since the release of the rather benign US CPI report has seen oil prices rebound. Of course higher stocks often means higher oil and that is certainly how it is playing out so far this afternoon. Earlier, the break below $82.45 in January Brent did deliver a move to test $82 per barrel, but in the event that level held. The low seen was set at $82.06 and now it is jumping back to test the $83 handle once more 
 

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