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Brent Steady Above $108 As Relief From Cyprus Deal Fades

Brent crude oil traded steadily at $108.12 at 7:12 GMT on Tuesday morning after the Cyprus bailout deal averted an immediate financial crisis, but caused uncertainty about its potential to set a precedent for future banking restructures.

The last minute agreement between Cypriot officials and the EU involves a large scale reorganization of Cyprus' banks in exchange for a 13 billion euro rescue fund.

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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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