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Brent Gains Modestly on Optimism About a Cyprus Deal

Brent crude oil gained modestly on Wednesday morning as investors remained hopeful that the US Federal Reserve would continue its stimulus plan and European Union leaders would reach a deal with Cyprus regarding the conditions of its bailout.

The commodity traded at $108.07 at 10:40 GMT on Wednesday morning.

According to CNBC , the US Federal Reserve is expected to continue its $85 billion bond buying stimulus plan until the US economy is well on its way to recovery.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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