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The FTSE 100 index saw gains on Wednesday, closing up 0.3%, as a decrease in Brent crude oil prices provided a welcome respite for the market. This occurred despite the release of higher UK consumer price inflation figures.
Brent crude oil fell below 83 US dollars (£61.73) a barrel on Monday, marking a three-week low. The decline follows comments from Donald Trump suggesting that Middle East allies have outlined a deal to end the ongoing war and reopen the Strait of Hormuz.
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