Trump U turn on tech helps oil prices rebound again-check out Brent crude this morning

Last week oil prices tumbled by mid week and that saw the price of Brent crude for June delivery fall to $58.40. The rebound back above $66 was all about the stock markets and the huge rebound seen there after Trump announced a 90 day moratorium on Wednesday. The price action into the weekend saw Brent recover an earlier dip and push higher into the final NYMEX settlement of the week. So, Brent settled $1.43 higher on that exchange, at $64.76. The price action so far today has gotten a further boost from the weekend news concerning the likes of Apple and NVIDIA. Of course oil prices are not directly connected to the oil price, but the broader impact across the equity markets sure is and that is why Oil prices are higher this morning. Brent for June delivery has traded to $65.39 earlier. It is off that high just now though, currently trading at $64.95