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Brent crude extends losses towards $74 after busting technical support level
The US stock markets have just reopened and it has not been a great start to the new month, especially for the Nasdaq 100 and the S+P 500 indexes. The slide in the Nasdaq 100 to below 19,350 on the opening has dented the S+P and pushed that close to the 5,600 mark again. At the same time Oil prices have not reacted well to any of this and following an earlier update here, the price of Brent for November delivery has well and truly busted the technical support level noted at $75.45. Brent has now fallen to a low as $74.22 after breaking that level. It is currently trading at $74.50
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