Brent extends gains to $73.50 as European stocks rise

The rebound seen in oil prices yesterday saw price of Brent crude for May delivery rise again and this time it managed to push above $73 per barrel. It later closed on the NYMEX exchange at exactly that same level, with a gain of $0.84 on the day. Earlier today it slipped towards $72.75, but since around 6am GMT this morning it has been on the rebound and that rebound has delivered a fresh interim high not long ago. Brent has lifted just above $73.50 and the move has come as the whole risk vista continues to show improvement again, now that the European stock markets have lifted markedly from their earlier session lows. Brent for May delivery is right now at $73.45