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Brent: general overview on 03.02.2015

Brent crude oil rate continues to rise. Brent has risen in price by over $5 since the end of the last week and is currently trading at $55/bbl.  The growth may be linked to the US news according to which a number of drilling devices reduced 7%.  The news comes from oilfield services company Baker Hughes. It should be also noted that this is the biggest decline since 1987. Market participants regarded this news as a signal of a gradual oil output cut in the USA. 

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