Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
March Brent hits new interim low ahead of expiry
Yesterday the price of Brent crude for March delivery matched the low it set on Monday, at $76.30. It later settled above that low on the NYMEX exchange, down $0.91, at $76.58. This morning the price has just now fallen below $76.30 and looks like it might fall further given it has taken out what might have been a double bottom on the daily charts. However, a caveat to anything that transpires from here on today; the contract will expire today and that is something to consider, because it will roll into the April contract. That said, because the Brent market is in backwardation, the April price is lower as well. Brent for March delivery is right now at $76.29 per barrel
Market News
All News-
Brent crude reaches highest level since January
Since an earlier update today, oil prices have continued to press higher. The price action has not all been one-way though, but if you look at an...
-
DAX near session lows as the European close looms
As the European close looms in less than 30 minutes there is no rebound across the major European equity indexes. Over the past couple of hours there...
-
Not much joy for the FTSE 100 following BOE decision
As just noted in the previous update it was quite a close call on the voting split on the Bank of England MPC decision on rates. That has led the...
