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Moving on Up

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Brent oil rebounded from its prior week low of $94.12 per barrel and was poised to bounce more than $4 week on week after a period of directionless trading. Prices struggled to regain momentum, with both supply and demand uncertainty competing for the market attention last week. This ebb and flow of trading sentiment whacked $30/bbl off the Jun. 8 high of $123.58/bbl and contributed to eroding refining margins.

Topics:
Oil Demand, Oil Supply, Oil Prices, Crude Oil
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