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December Brent takes out $85 now
Following on from an update a short while ago, noting the push higher in the USD/CAD, that has now lifted above the 1.3780 high seen yesterday. So, once again we look towards the oil markets as a driver and we see that December Brent has now fallen below $85 per barrel in the past few minutes. This is also having an impact across the wider markets and seems to be unsettling the equity space somewhat. The move lower in Brent has just seen it reach $84.87.It is just now trading at $84.93
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