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April Brent rise extends to test $84

It was exactly a month ago (January 28) when the price of April Brent crude rose above $84 per barrel. It topped out that day just above $84.10 and a short while ago the price came to its closed to getting back above $84 since the end of last month. The price rose to around $83.85 and it might not be finished with yet ahead of the contract expiry this week. The move higher in oil prices does not seem to have an immediate news based catalyst right now, but then again it rarely needs that in truth. The more usual price volatility has more recently given way to better price action on offer elsewhere, but it is always wise never to write this one off when it comes a surprise sharp move now and again. April Brent is just now trading at $83.98
 

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