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Brent on the slide again heading towards $74

Yesterday afternoon oil prices managed to rebound despite the prospect of Trump drilling the heck out of the US shale fields in due course. Brent for January delivery lifted from a session low around $73.35 just as the US markets were getting underway, to a high at $75.93 just after the US stock markets reopened at new record levels. The subsequent fall that followed came after the latest US EIA data showed a slightly increased build in stocks. Brent later settled $0.61 lower on the NYMEX exchange, at $74.92. It has been falling back further so far today, dropping from an earlier session high, at $75.40. It is just now approaching the $74 handle again, as it slips to fresh session lows. Brent for January delivery is currently trading at $74.20
 

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