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Brent crude falls back a bit further
Earlier today an update here noted how oil prices had fallen back further since yesterday. Well, just now prices have slipped further and a short while ago Brent crude for December delivery hit a fresh session low at $76.51. The move lower comes amid no immediate fresh supply concerns resultant from any developments in the Middle East. So, as the news flow remains benign, that helps to push prices lower, but as we know a headline from that arena can just as easily cause a dramatic price spike. So, if you are involved keep your eyes on the news because it is the one thing that can make or break any short term trading positions right now. Brent for December delivery is just now lifting off the lows, currently trading at $76.76
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