Risk-off mood drags Brent crude oil 2.9% lower

Published: March 19 2023, 08:45 GMT+0

Risk-off mood drags Brent crude oil 2.9% lower

Friday at a glance: Brent Crude Oil slides down 2.9% to close at $72.53 per barrel Friday.

ICE Brent crude's value drop coincided with the fact that after ending Friday's session at $2.51, Natural Gas lost 16.4 cents and is trading around $2.35. 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 went up by 1.35% Friday, and closed at $2.68.

Brent crude is now trading 39.56% below the significant high of $123.6 it set around 9 months ago.

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