Risk-off mood drags Brent crude oil 2.9% lower

Published: March 19 2023, 19:35 GMT+0

Risk-off mood drags Brent crude oil 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 lost 6.52% Friday and closed at $2.51. Crude Oil lost 2.94% Friday and closed at $68.35.

Though 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).

Over the past 9 months, Brent crude has retreated 39.56% from a noteworthy peak of $123.6.

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