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Oil prices weaken post-Christmas, U.S. crude defends premium over Brent

December 28, 2015 by · Leave a Comment 

By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Monday after the long Christmas weekend, with U.S. crudes defending a newly gained premium over internationally traded Brent contracts. Brent was down 18 cents at $17.71 a barrel, meaning that U.S. crude defended a premium it gained over the globally traded benchmark last week. “Markets are generally weak, so the trend remains for lower prices, but do watch out for sharp moves in the low liquidity days between Christmas and New Year,” one

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Oil prices weaken post-Christmas, U.S. crude defends premium over Brent