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December Brent crude below $90 again this morning

Yesterday oil prices took a pretty big hit as the markets pushed the dollar higher and stocks did not kick off the new month in a positive manner. December Brent fell back below $90 and later failed to launch much of a resounding rebound into the NYMEX settlement. The fall below its 21 day moving average for December Brent did not help it much either. The low seen was set at around $89.63. The rebound from there after a new low earlier this morning, at $89.58 has yet to reclaim that $90 handle once more, but it is close. December Brent is just now trading at $89.95

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