Buz Investors Brent crude oil Thursday The commodity is trading at $53.38 per barrel at 10:40 GMT this morning, 0.54% lower from the New York close. Crude oil witnessed a high of $53.78 per barrel and a low of $53.30 per barrel during the session. In the New York session yesterday, crude oil fell 0.96% to close at $53.67 per barrel, after the EIA reported that US crude oil stockpiles increased by 1.5 million barrels to 520.2 million barrels last week, advancing for an eighth consecutive week. Immediate downside, the first support level is seen at $52.97 per barrel, while on the upside, the first resistance level is at $54.11 per barrel.
Brent decreased 0.15 USD/BBL or 0.27% to 56.16 on Thursday March 2 from 56.31 in the previous trading session. Historically, Brent crude oil reached an all time high of 145.61 in July of 2008 and a record low of 2.23 in May of 1970.
Brent Crude oil is a major benchmark price for purchases of oil worldwide. While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Brent crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Brent crude oil – actual data, historical chart and calendar of releases – was last updated on March of 2017.
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