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Brent crude falls back in early European trading

As Iran sought to distance itself from the weekend attacks on US bases over the weekend, the impact on oil prices was clear to see. That delivered a move lower in both WTI and Brent crude oil. Brent later settled $1.15 lower on the NYMEX exchange, at $82.48 and later came close to the $82 per barrel handle ahead of the wider US market close. It is edging lower again this morning, falling back from an earlier session high at $82.87. Brent for March delivery is currently trading at around $82.30 and the risk of a drop below $82 from here seems live right now 
 

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