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Brent reverses earlier gains and slides towards $75 per barrel
The earlier noted spike higher in Oil prices today has now been reversed and a good deal more. Earlier this afternoon the price of Brent crude for October delivery shot higher and lifted above $78 per barrel, peaking at $78.21. However, once it reversed back through $77.50 the price action has been more or less lower and it has fallen to a low so far this evening, ahead of the NYMEX settlement, at around $75.65
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Following on from the previous update, noting the slide in the EUR/USD after the US jobs report, the Euro is not the only currency reeling under the...
