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Brent Crude Futures

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Brent Crude Futures
A futures contract on crude oil drilled in the North Sea. Prices for Brent crude futures are used as benchmarks for future oil prices in Africa, Europe and the Middle East. As such, Brent crude futures are important indicators of oil and other energy markets.


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Rising demand from emerging and developed economies and stable output from OPEC are helping reduce a surplus in global oil markets, reverting the price structure of Brent crude futures to patterns unseen since the spike to $147 in 2008.
In Europe, Britains benchmark Brent crude futures rose to 91.
The bank recommended buying the December 2012 Brent crude futures contract.
 
 
 
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