Yesterday's upbeat market sentiment sees Brent crude oil gain 1.21%

Published: May 27 2023, 06:46 GMT+0

Yesterday's upbeat market sentiment sees Brent crude oil gain 1.21%

Yesterday at a glance: Brent Crude Oil ended Thursday at $76.26. yesterday it went up to $77.35 only to drop back, yet still managed to close at $77.18 per barrel.

Nevertheless, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

Rallies can also be seen in other Energy, Crude Oil is trading around $72.87 after ending yesterday's session at $71.83 (up 1.45% today). Heating Oil went up by 1.24% yesterday, and closed at $2.38.

Meanwhile, Natural Gas is down to $2.2, losing 10.9 cents, after ending the previous session around $2.31.

After hitting an important low of $72 approximately 24 days ago, Brent crude oil has bounced back 5.93% since.

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