8 January 2026: 16:30 GMT
Market is bullish folks, no easy oil from Venezuela. There was a bullish scent in the air today as Brent built itself up steadily until lunchtime, exceeding $61 by 13:30 GMT. An impressive recovery, having dipped just below 60 bucks following the Asian close this morning. By the European close, it had climbed to $61.11/bbl. The prompt spread was even more volatile, climbing from 40c to a healthy 50c – the strongest it’s been this year – and reaching the close at 48c.
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