Risk-off mood drags Brent crude 2.9% lower

Published: March 19 2023, 06:46 GMT+0

Risk-off mood drags Brent crude 2.9% lower

A quick look at Friday: Brent Crude Oil ended Friday at $72.53 per barrel following from closing Thursday at $74.7. Overall, this represents a loss of $2.17 or 2.9%.

ICE Brent crude's value drop coincided with the fact that Natural Gas dips 6.52% Friday and closed at $2.51. After ending Friday's session at $68.35, Crude Oil lost $2 and is trading around $66.34.

Positive performances can be seen by looking at other Energy markets as Heating Oil added 1.35% and closed around $2.64 Friday.

Brent crude oil reached a significant high of $123.6 around 9 months ago but has lost 39.56% since then.

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