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Reported Israeli threats push Bent back to $83 again

Look, this oil market gets continually pulled from pillar to post by every comment emerging from the crisis in the Middle East. I am sure you are all aware of that, but it makes for trading this as unpredictable as it might be exciting at times. So, earlier today oil prices fell back and that saw April Brent dip below $82 per barrel after an update here noted it was approaching that level. Well, since then the impending weekend dynamic ( players not wanting to be short into any weekend at the moment) has helped to push the price back up and just now it got another slight jolt to the upside from reports released by Sky News Arabia. They have just reported; that apparently Israel has threatened to move into the Rafah area of Gaza, unless all hostages are released. This report has come after earlier other reports noted the refusal of Hamas to accept the Israeli ceasefire proposals. So, Brent  has traded back to $83, as we wait for the next headline to drop 

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