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Brent eyeing the downside again this morning
Yesterday, not long after an update here noted the oil markets looking through the latest decision from OPEC+, the price of both WTI and Brent did rebound. The catalyst for that intraday rise was after a headline focused on another attack by Houthi rebels on shipping in the Red Sea. However, as the immediate impact of that dissipated, prices fall back again and it was not long before Brent for May delivery was trading at fresh session lows underneath $83 per barrel. Brent later settled $0.75 lower on the NYMEX exchange, at $82.80. It has fallen back further so far today and as I write it is very close to session lows, just above $82.30. Brent is just now trading at $82.39
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