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OIL: PRICES CONTINUE TO RISE-DANSKE BANK

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

“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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