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Oil Brent price returns to April values

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The price of Brent oil continues to move in a down channel. Yesterday data of oil reserves in the US were published, and they showed an increase by 6.805 million barrels, which is 2.5 times higher than market forecast was. So oil continued to fall and approached the important support $ 70.35 per barrel, where was in April 2018 at last time.

Brent oil price

Brent oil price

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