Skip to main content

Brent back below $85 this morning

Yesterday the move higher in Oil prices saw the price of Brent crude for May delivery rose above $85.50 and pressed closer to the $86 handle. Well, despite the next technical resistance levels noted here as being above $87, Brent did not get past $86. It later dropped back from a session high at $85.66 and settled $1.39 higher on the NYMEX exchange, at $85.42. Today Brent has just now dropped to below $85. The reason for the fall could have something to do with the lack of traction in the equity space and perhaps a lack of any fresh detrimental news flowing from the MiddleEast. The low seen so far this morning has been set at $84.82, where it is trading right now 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!