Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Brent makes modest progress so far today
On Friday the rebound in Oil prices was brought to an abrupt halt after all the US data releases led the market to conclude a potential slowdown in the US economy might dampen the demand outlook. So, Brent which had earlier traded to a high at $84.44, fell back to below $83. The low seen was set at $82.78 and it came after it had settled $0.71 lower on the NYMEX exchange, at $82.96. It has rebounded modestly so far today though, rising from an earlier low at $82.86. The reason for that looks focused on the conflict in Gaza and more immediate geopolitical risks across the Middle East. That said, Brent is yet to reclaim levels above $84. Brent for July delivery is currently trading at $83.62
Market News
All News-
Brent crude reaches highest level since January
Since an earlier update today, oil prices have continued to press higher. The price action has not all been one-way though, but if you look at an...
-
DAX near session lows as the European close looms
As the European close looms in less than 30 minutes there is no rebound across the major European equity indexes. Over the past couple of hours there...
-
Not much joy for the FTSE 100 following BOE decision
As just noted in the previous update it was quite a close call on the voting split on the Bank of England MPC decision on rates. That has led the...
