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Brent crude down almost 6% but still above US$100 a barrel

Brent crude down almost 6% but still above US$100 a barrel

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Brent crude was off almost 6% but remained above US$100 barrel with a potential cessation to violence in Ukraine helping quell sentiment-driven panic price rises. “In terms of supply, the optimists remain hopeful that there will be some kind of resolution to the conflict as talks between Russia and Ukraine continue, which would ease some of the current shortfalls,” said Richard Hunter, head of markets at Interactive Investor.

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