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Oil prices on the rebound again this morning- Brent back above $65
Yesterday oil prices continued to rise and that later saw the price of Brent crude for June delivery lift close to $66 per barrel. Brent topped out around $65.90 before the latest OPEC demand outlook report sent it back down. That report noted a slowing in demand and at least that was certainly consistent with the immediate global outlook for a change. Brent fell back to around $64 as the European markets drew to a close. It did later recover that intraday fall into the NYMEX settlement, where it later closed on that index just $0.12 higher, at $64.88. The price action so far this morning has seen Brent edge higher and rise to session highs a moment ago. That was at $65.28 and it is currently trading at $65.20
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