Brent decreased 0.41 USD/BBL or 0.79%
Buz Investors Brent decreased 0.41 At 10:40 GMT, the commodity is trading at $49.41 per barrel, 0.42% lower from the New York close. During the session, crude oil traded at a high of $49.80 per barrel and a low of $49.31 per barrel. The commodity advanced in the New York session yesterday, closing 1.29% higher at $49.62 per barrel, amid rising concerns that growing US crude production may undermine efforts to rebalance global supply. Crude oil has its first support at $48.62 per barrel and its first resistance at $50.18 per barrel.
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Brent decreased 0.41 At 10:40
US crude production may undermine efforts to rebalance global supply
Brent decreased 0.41 USD/BBL or 0.79% to 51.78 on Friday March 10 from 52.19 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.