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The oil market is getting some relief as crude exports recover but the price of a barrel is stubbornly holding over the $100 mark.

Brent crude – the international benchmark for oil prices – traded near $100 per barrel on Tuesday morning after declining in the previous session.

It comes as JP Morgan projected that crude shipments have rebounded to 17.5m barrels a day – at around 98 per cent of pre-war levels, while product flows such as diesel and gasoline reached 3m barrels a day, or 58 per cent.

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