No rebound yet for Brent today as it dips below $82

Since the European opening today oil prices have been under a degree of downside pressure. That has now seen the price of Brent crude for April delivery fall to below $82 per barrel. The high seen earlier today was set at $83.48. The lack of any push higher ahead of the weekend has been noticeable, but quite often that is what see in both Brent and WTI, as many in the market seem to want to cover shorts in case there is any escalation in the Mid East conflict. Well, that has not happened yet, but there is plenty of time left today for that to unfold ahead of the NYMEX settlement this evening. As to whether it will, or not remains another matter. April Brent is just now trading at $81.95