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Brent falls back further to below $93 per barrel
As I write this update we are seeing new session lows for the November Brent price. The move lower has come as the global stock markets make some progress now and the shine comes of what has been great run for oil prices lately. The move lower will no doubt please the likes of the ECB, BOE and Fed. That is because the charge higher in oil prices was a rising concern for all of them. That is because, as mentioned yesterday, this will only serve to re-stoke rising inflation, that they ate determined to beat back on. So, Brent has now fallen below $93 per barrel and and just now trading below $92.90
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