Brent takes a pause, but a yet softer USD could propel it higher
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Brent takes a pause, but a yet softer USD could propel it higher

The USD was an important intraday driver.

Brent crude traded between USD 75. 9/b and USD 77.

5/b ydy before it settled down 0.

3% on the day at USD 76.

3/b.

Swings in the USD was probably an important driver for the intraday fluctuations.

Though higher Saudi Official Selling Prices also helped to bolster the bullish sentiment intraday.

This.

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