The May Brent/Dubai recorded a feeble fortnight amid prices coming off from a high of $1.10/bbl on Apr 12 to sub-zero territory less than a week later with the move downwards exacerbated by players stopping out of length. Although in true Brent/Dubai fashion, the contract has since been rangebound with resistance keeping prices from venturing beyond 10c/bbl and buying from trade houses and Chinese refineries keeping things from sinking below flat for far too long.
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