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Brent continues to leak lower towards $74
Since an earlier update here noting the current geopolitical situation weighing on oil prices, Brent crude has fallen further. It is now approaching $74 per barrel for the April contract, as this update is typed. The further downside pressure on Oil prices is keeping the FTSE 100 under wraps and it is possibly proving to be a fillip for Europe (which has no oil) and the DAX. That index has so far refused to close the yawning gap it left open on the daily charts this morning, despite trying to do so earlier in the session. The index has since rebounded again. Brent for April delivery is trading right now at $74.09
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