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Brent crude lower this morning
Last week was a pretty good week for Oil producers. Prices of WTI and Brent crude rose into the long weekend. That saw the price of Brent crude for June delivery rise from below $64 per barrel on Wednesday, to above $68 by the time of the final NYMEX settlement of the week on Thursday. Brent for June delivery settled $2.11 higher on the NYMEX exchange, at $67.96. The oil markets were not open on Friday, but they have resumed trading today and the price action since the Asian opening has been to the downside. That is hardly surprising considering the losses across the US equity futures. Brent for June delivery fell to $66.61 earlier, from a high at $67.72. It is off that low right now though, currently trading around $66.85
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