Risk-off mood drags Brent crude oil 2.9% lower

Published: March 19 2023, 18:01 GMT+0

Risk-off mood drags Brent crude oil 2.9% lower

A quick look at Friday: Brent Crude Oil slides down 2.9% to close at $72.53 per barrel Friday.

Brent crude oil'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. Crude Oil is down to $66.34, losing $2, after ending the previous session around $68.35.

Though Brent crude oil has been dropping, other Energy have been performing better: Heating Oil added 1.35% and closed around $2.64 Friday.

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

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