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Brent still holding the upper ground this morning
Yesterday the noted surge in oil prices was delivered by the production shutdown news from Libya and that sent prices charging higher. So, Brent rose sharply through $80 and and above $81 per barrel. The price for October delivery lifted to just above $81.50 before backing off somewhat. It later lifted again into the NYMEX settlement, where it later closed $$2.41 higher, at $81.43. It has lifted slightly higher again a short while ago, reaching $81.59 a little earlier. It is just backing away from that high right now though, but overall there is so far little change in the elevated status heading closer to the expiry of the contract on Thursday. Brent for October delivery is currently trading at $81.35
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