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Oil: Prices continue to rise – Danske Bank

Analysts at Danske Bank note that the oil prices continue to rise with Brent moving above USD75/bbl.

Key Quotes

“While a lower USD has been a contributing factor to the strong rise seen this week, concerns about tighter supply have been at the centre of the market’s attention.”

“Earlier this week, the decline in US inventories made the headlines and yesterday focus turned to a strike among oil workers in the North Sea.”

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