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Oil prices slipping this morning- check out Brent crude
As noted here yesterday, Brent crude was falling back after failing to sustain a move back towards $65.40. The price action that followed saw it later fall below $64.25 ahead of the European close. Brent did rebound from there though and later settled $0.21 lower on the NYMEX exchange, at $64.67. The price action so far today has seen Brent fall back with US stock futures and the lower opening call for the European markets. That has seen Brent fall to around $63.76 earlier. It is just trying to rebound a little right now, but clearly the oil markets are going to track the path of stocks this morning, in the absence of any fresh Oil centric news. Brent for June delivery is currently trading at $64.05
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