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Brent still under pressure this morning

The noted slide in oil prices yesterday later delivered a much lower NYMEX settlement. Brent crude for December delivery settled $4.63 lower on that exchange, at 71.42. The low point seen yesterday was set at $71.18. A rebound to exactly $72 earlier this morning has not held and the price has fallen back once more and it is just now close to the lows seen yesterday. Naturally, a fall below the low point seen yesterday is very much on the radar right now. At this point the reader is alerted to the most recent interim low, set back on October 1, at $69.91. Brent is trading right now at $71.30. One important thing to note; is the December contract will expire tomorrow
 

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