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US stock gains help Brent back above $79

Yesterday as the US stock markets continued to press higher into the close, Oil prices gained further momentum and that saw the price of Brent crude for October delivery rise steadily above $78 and later towards $79 per barrel. Brent later settled, $0.83 higher on the NYMEX exchange, at $79.16. It has lifted a bit higher than that so far today, but noting close to the magic $80 per barrel handle yet. It is backing off a bit now though and currently trading at $78.85 

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