Risk-off mood drags Brent crude oil 2.9% lower

Published: March 19 2023, 16:16 GMT+0

Risk-off mood drags Brent crude oil 2.9% lower

Friday at a glance: 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%.

Brent crude oil's value drop coincided with the fact that Natural Gas is down to $2.35, losing 16.4 cents, after ending the previous session around $2.51. Crude Oil goes down 2.94% Friday and closed at $68.35.

Though ICE Brent crude has been dropping, other Energy have been performing better: Heating Oil is trading around $2.68 after ending Friday's session at $2.64 (up 1.35% today).

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

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