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Brent crude tops USD 70 with bullish demand outlook

Brent crude reached USD 70 per barrel Tuesday due to optimism about the demand outlook in key regions and signs that a glut built up last year has been whittled away.

Photo: Maersk Drilling

Brent oil topped USD 70 a barrel with optimism building about the demand outlook in key regions such as the US, and on signs that a glut built up last year has been whittled away.

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