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Brent mostly holding gains notched up yesterday
Brent crude for June delivery pushed markedly higher yesterday and that saw it rise more than $2.5 from the low to the high. The rebound from below $72.50 to just above $75 was seemingly delivered by the threats on Iran issued by the US President. That seemed to re-ignite supply chain fears and later delivered a markedly higher close on the NYMEX exchange. Brent for June delivery settled $2.01 higher, at $74.77. The range seen so far today has essentially been covered by $74.50- $75.00 and so far it has not broken any fresh ground on the topside. Brent touched $75.03 yesterday. It is currently trading at $74.72
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