Brent on the rebound now after a brief look below $70

Well, an earlier update here indicated a high chance that the price of Brent Crude for December delivery could have a look at the $70 per barrel marker and that is exactly what it did. Brent fell to a low at $69.91 soon after that update was sent out. However, since then the price has rebounded and now it has recovered back above $71. The reason for that? In truth not exactly clear right now, but that is trading for you folks. Given the price action so far today, perhaps it would be wise to expect more swings as the day unfolds. Brent for December delivery is currently trading at $71.20