the Intercontinental Exchange (ICE), brent crude for June delivery wavered between $40.59 and $41.80 a barrel, before closing at $40.85, down 0.18 or 0.44% on the trading day. North Sea brent futures have fallen slightly since reaching 2016 yearly highs earlier this month when they jumped above $42.50. Since briefly dipping below $30 in mid-February, brent crude has rallied by approximately 15%.

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