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Oil grants a respite, thanks to backwardation

Yesterday's rise in oil after the European embargo on Russian crude stirred the markets.

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Oil grants a respite, thanks to backwardation

Yesterday's rise in oil after the European embargo on Russian crude stirred the markets. A day later, the new reference price for a barrel of Brent is trading up to 7% lower.

The 124 dollars that a barrel of Brent reached yesterday, a benchmark in Europe, reactivated fears of more persistent inflationary pressures than expected, on the same day that interest on the debt rose notably

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