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More talk of a new deal sends Brent lower again
Late yesterday afternoon Brent crude fell back once more. Prior to that the January contract had set a new session high at $112.61. The slide that followed came after a series of headlines suggesting that a new deal between the US and Iran might be in the offing.
The impact of the Israeli election might have played its part too and the balls are very much still up in the air on that too, So, Brent dived below $110 per barrel. Prior to that it had settled $2.23 higher on the NYMEX exchange, at $111.64. The low seen after that last night was set at $109.62.
Well, since then it has rebounded back to exactly $111 earlier this morning, but then fallen back to $109.75, but it is on the rebound again as we sign off here, currently trading at $110.52
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