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Markets

Brent crude bounces up on Goldman forecast, dollar

NEW YORK : Brent crude oil futures settled more than 2 percent higher on Tuesday, rebounding after a bullish price fo
Published May 24, 2011

crude-oilNEW YORK: Brent crude oil futures settled more than 2 percent higher on Tuesday, rebounding after a bullish price forecast from Goldman Sachs and as a weaker dollar attracted buyers to commodities.

In London, ICE July Brent crude settled at $112.53 a barrel, gaining $2.43, or 2.21 percent, after trading between $109.50 and $112.65.

 

Copyright Reuters, 2011

 

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