Crude oil comment: The rally has legs, but it takes time to wash out ingrained bearish sentiment from H2-24

Brent crude jumped jet another 2.

7%. Brent crude jumped 2.

7% yesterday to USD 82.

03/b following a pull-back on Tuesday.

Intraday it reached USD 82.

63/b and its highest level since 26 July last year.

Bullish US oil inventory data was a key reason for the jump higher yesterday coming on top of a steady tightening market since.