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Brent crude steady below $94 so far today
Yesterday as soon as the news broke regarding the banning of Russian exports of Diesel and Gasoline broke it was covered in an update here. That news sent crude oil prices jumping higher and November Brent (which was already on the rebound) initially lifted to $93.50, from an earlier session low at $92.20. Well, eventually that move extended to back above $94, reaching $94.56 ahead of the US stock market opening. It could not hold that gain though and once again that seemed like it was due to the US stock markets falling back. Brent crude dropped back to around $93.25 as the US stock markets held losses into the close. Prior to that Brent had settled $0.23 lower on the NYMEX exchange, at $93.30. It has rebounded a bit from there so far today. The price has not yet lifted back above $94 though and it is currently trading at around $93.72
Market News
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