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17 Jan 10.05
Brent is trading above $80 per barrel
Brent prices have surpassed $80 per barrel, driven by concerns over US sanctions on Russian oil and declining US stockpiles. Traders remain cautious, balancing geopolitical developments with potential policy changes after Trump's inauguration.
LATEST ANALYSIS
10 JAN
10:48
Brent set for longest weekly gains since July 2024
Brent crude oil is on track for its longest weekly winning streak since July 2024, fueled by robust demand signals and tightening supply. However, challenges like economic concerns in China and a strong US dollar temper its momentum toward the $80 per barrel mark.