Brent crude falls to session lows underneath $82.75

In the past couple of minutes oil prices have just lurched lower and the price of Brent Crude for July delivery just set a fresh session low at $82.65. The move lower comes amid fresh headlines concerning the situation in Gaza. Brent is now below the low point seen this week and last and at its lowest level since falling back from a high above $91 back in April 12. The next support levels of note are now within striking distance, should the market suffer further falls. They are the 50 day moving average (85.25) and then the 200 day moving average (81.95). It is worth noting; that Brent  has not traded below either of those first week in February. July Brent is currently trading at $82.78