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Brent Jumps to $68.80/bbl

Brent jumped on cancelled US-Iran talks. India cuts Russian oil, straining Moscow finances; Venezuela and Cuba flows adjust.
Published: February 4, 2026
Written by:
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
4 page report
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The Apr’26 Brent futures contract jumped from $67.07/bbl at 14:00 GMT to $68.80/bbl at 17:30 GMT (time of writing).

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