An important note about Quick news updates next week as Brent falls again

Owing to absence there will be no Quick news updates from this analyst next week, from Wednesday lunchtime onwards. That means there will be no coverage here on the Fed monetary policy decision (6pm GMT on Wednesday May 7) or on the Bank of England monetary policy decision, at 11am GMT the next day, May 8. There will be further reminders about that early next week. In essence, the Fed is not expected to move, but the BOE is expected to cut by 0.25%. There will be plenty to add on all this over the early part of next week. Meantime, oil prices have fallen back further this morning and the July Brent crude contract has fallen closer to the $60 a barrel handle. Naturally, this is a big level for Brent. As to whether it holds much support today, in view of what was said here earlier, remains to be seen. The low seen so far has been set at $60.14. Brent for July delivery is currently trading at $60.16