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Brent slips after US EIA data shows larger than expected build in crude stocks

The price of Brent crude was on the rebound back above $75.65 ahead of the latest US weekly Energy Information agency (EIA) crude inventory data. However, that data has just been released and it has shown a much greater than forecast build in crude stocks. Stocks rose by 5.47 million barrels, where a build of just 0.4 million was forecast. That has rather derailed the rebound in Brent and sent the price falling back towards $75 per barrel, currently trading at $75.15
 

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