Brent fell below $90 today in a volatile session halting a two week rally. Thursday’s fall came after nine straight sessions of gains in WTI and seven straight gains in Brent. “Crude futures are feeling some corrective pressure from a new high in the U.S. Dollar Index as well as more weakening economic numbers from the euro zone, where economic activity grew by 0.1% vs the 0.3% expected,” said Dennis Kissler, senior vice president of trading at BOK Financial. The dollar gained, pushing the yen to a 10-month low and driving the euro and sterling to their weakest levels in three months, as investors placed their bets on a still-resilient U.S. economy. WTI traded down $0.67 or -0.8% to close at $86.67. Brent traded down $0.68 or -0.8% to close at $89.92.

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mars
  • Where: Renaissance Schaumburg Convention Center Hotel
  • Attending: Curtis Chandler (239.405.3365), David Cohen (954-729-4774), Brian Baker (239)297-4519
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mars
  • Where: La Quinta Resort & Club, La Quinta, California
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  • Where: Charlotte Harbor, Florida
  • Attending: David Cohen (954-729-4774), Brian Baker (239)297-4519
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