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Brent falls below $90 per barrel, Rory Johnston notes

Brent falls below $90 per barrel, Rory Johnston notes
Brent crude drops under $90 per barrel

Rory Johnston reports a significant decline in Brent crude prices, with futures dropping around $3 per barrel and falling below the $90 per barrel mark.

The move suggests a notable shift in oil market sentiment based on recent developments.

Last week, Rory Johnston reported the biggest weekly pullback in net speculative positioning in Brent crude during the war. Separately, he noted that Chinese refineries cut runs due to low margins while consumer demand remained supported by local price caps. These earlier developments contribute to the backdrop for the latest price decline.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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