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Brent crude up USD 9/bl on the week… ”deal around the corner” narrative fades

Brent is climbing higher.

Front-month is at USD 106. 3/bl this morning, close to a weekly high and a USD 9/bl jump from Mondays open.

This is the move we flagged as a risk earlier in the week: the market shifting from ”a deal is around the corner” to ”this is going to take longer than we.

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