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Brent reaches a new 2025 high above $78 as Nat Gas prices rebound
There has not been much coverage here in recent days on the oil markets and Brent, but the price action has remained in line with a higher trend and that higher trend (despite a relapse below $76 on Wednesday) has just now delivered a fresh 2025 high for the price of March Brent. Brent for March delivery settled $0.76 higher on the NYMEX exchange last night at $76.92. That was back above its 200 day moving average, in place right now at $76.53. It has just now pushed above $78 per barrel. The gains come as the European markets continue to edge higher this morning and the outlook for Nat Gas prices remains uncertain. Nat Gas prices are on the rebound this morning Brent for March delivery is currently trading at $78.01
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