Brent nears USD 74: Tight inventories and cautious optimism

Brent crude prices have shown a solid recovery this week, gaining USD 2.

9 per barrel from Monday’s opening to trade at USD 73. 8 this morning.

A rebound from last week’s bearish close at USD 70.

9 per barrel, the lowest since late October.

Brent traded in a range of USD 70.

9 to USD 74.

28 last week,.