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Brent off lows as OPEC releases monthly outlook report

OPEC has just released its regular monthly outlook report and the contents of that has not surprised oil traders, It states little new, outside of the obvious, regarding supply concerns. Prior to this release oil prices has been falling back. That had seen Brent for June delivery drop to a session low at $89.83. It was rising back above $90 as that OPEC report hits the screens. The high seen so far has stalled short of $90.20. June Brent is currently trading at $90.08

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