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US comments push Brent to fresh session lows
Earlier this morning the price of Brent crude for March delivery did briefly fall below $82 per barrel. However, in initially that fall was not extended and the price rebounded back above $82.60. Well, since then it has now fallen right back again and just now set a new session low underneath $82.00. The further fall comes amid comments from a US official, Whitehouse energy adviser Hochstein. He has noted huge increases in supply from the US, Brazil and Guayana. Hochstein also noted; that the US is not seeking to disrupt supplies by any actions in the Middle East. Those comments have helped to push Brent down to a low at $81.79. It is currently trading at $81.90
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