Oil gains as sanctions bite harder than recession fears
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Oil gains as sanctions bite harder than recession fears

Higher last week and today as sanctions bite harder than recession fears.

Brent crude gained 2% last week with a close on Friday of USD 73. 63/b.

It traded in a range of USD 71.

8-74.

17/b.

It traded mostly higher through the week despite sharp, new selloffs in equities along with US consumer expectations falling to lowest level.

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