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Why did oil rebound from 5-month lows? At first glance, the answer seems obvious – attacks by Iran-backed Houthi rebels on vessels in the Red Sea forced companies to seek alternative shipping routes. Disruptions with them are a clear bullish factor for Brent. However, the rally in the North Sea grade following the announcement of the results of the December Fed meeting raises doubts that geopolitics is the sole driver of the upward price movement.In reality, the black gold market
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