Brent Crude Drops a Fifth Day on North Sea Supply Rebound
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Brent crude declined for a fifth day as exports from the North Sea rebounded to a seven-month high, while a pipeline in Yemen resumed flows after an attack.
Brent dropped as much as 0.7 percent, erasing an earlier gain of 0.4 percent. Daily exports of North Sea Brent, Forties, Oseberg and Ekofisk grades, which make up the Dated Brent benchmark, will jump to 900,000 barrels a day in September, revised loading programs obtained by Bloomberg News showed. Yemen’s Marib crude began flowing today through a pipeline after repairs were made to the line following sabotage by local tribesmen on Aug. 4, the official Saba news agency reported.