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Will Brent repeat the dose?
Yesterday oil prices do what they do best at the moment and reverse an initial directional move. On this occasion it was to the downside. Brent crude for April delivery fell back to below $82.40 per barrel, only to reverse higher very soon after. The price then rose close to $84 and close to the January 28 high, at $84.17. The high seen yesterday was set at $83.96 and Brent settled $0.64 higher on the NYMEX exchange, at $83.67. However, it has fallen back today, reaching a low at $83.13 a short while ago. We now wait and see, if it replicates what it did yesterday again today. April Brent is currently trading at $83.28
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