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December Brent falls closer to $70
It might come as a surprise, but oil prices have not so far reacted positively to all the latest news remerging from the Middle East over the past few hours. In fact prices are lower this morning. Yesterday Brent for December delivery settled $0.16 higher, at $71.70. Well, it is not up there today. Brent has fallen back to session lows a moment ago. It has dropped below $71 per barrel. The low seen so far has been set at $70.51. To be honest, given the price action reaction so far today, it would not seemingly take much for it to have a look at the $70 handle at some point. Brent for December delivery is currently trading at $70.57
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