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Finally Brent has $85 per barrel back on the radar once more
Yesterday oil prices held their gains and that later led the price of Brent crude for May delivery to set a markedly higher settlement level on the NYMEX exchange, by $2.11 at $84.03. The price has risen further this morning after fresh concerns surround the situation in the Middle East. The high seen a short while ago was set just above $84.50 and so that $85 per barrel level looks like it is well and truly back on the radar again today. Brent for May delivery is currently trading at $84.50
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