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Market Update: Brent Crude Settles Higher, Ends Week on High Note
Oil markets were basking in the glow of improving demand sentiment and OPEC-led supply cuts, with Brent crude settling above the $73 per barrel level to finish the third week of June on a high note. Investors were upbeat about fuel demand recovery this summer, with vaccination programs in Europe and the US allowing more people to travel. On the supply side, OPEC+ agreed to keep to their plan to gradually ease supply curbs through July, signalling the ongoing strengthening of market fundamentals. [/s2If]
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