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Brent crude edging lower so far this morning

Yesterday Oil prices moved higher. That saw the price of Brent Crude for May delivery rise above $87 per barrel. The high seen was set just ahead of the 4pm London FX fix, at $87.17. However, it was not able to hold all that gain into the NYMEX settlement. Nevertheless, it later fixed $1.32 higher, at $86.75. The price has been edging back down this morning though and the immediate chart of the price action suggests it could fall back closer towards $86 right now. It is also important to note that the contract will expire tomorrow and trading on the platform will then switch into the June contract. The May price has just dipped below $86.50 a moment ago. It is just now trading at $86.52

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