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Oil took markets on another rollercoaster ride yesterday as Brent somehow managed to reverse an early 12 per cent crash to 1999 lows and give battered petrol currencies and stock markets something buoyant to climb on.
The wildest trading in oil market history continued with benchmark Brent initially swallow-diving below $16 (Sh1,696) a barrel, after US crude prices had gone deeply negative earlier in the week, only to then rally to nearly $20 (Sh2,120).
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