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Brent slips again as stocks fall

Yesterday it was noted here; that the rebound in Brent crude, from a session low at $92.76 had seen it rise, but stall ahead of $94.50. Well, not long after that update, the price slipped below $94 again and later settled even lower on the NYMEX exchange, after the Fed policy decision. November Brent settled $0.81 lower, at $93.54. It has fallen further today and just now taken out the low point seen yesterday, at $92.76. This move lower comes amid falling stocks and risk concerns over the economic outlook and that has finally served to counter the prior supply side moves by Saudi Arabia and Russia. Brent crude has just now hit a new reversal low at $92.62 and it might not be done with yet
 

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