Should You Invest or Trade in Oil Stocks Now?
- Apr 27, 2021 1:36 pm GMT
Oil prices have pulled back since peaking last month. Brent crude rose to trade at around $70.00 per barrel while the light crude traded at about $68.00. They have both fallen to settle at around $66.00 and $62.00, respectively. However, the most evident feature is the level of volatility that oil prices have experienced since the start of 2021.
The price of Brent Crude oil has been extremely volatile since the turn of the year amid the pandemic.
Brent traded well below the $60.00 level in February before rising to top the $70.00 level in mid-March. It then slipped rapidly to trade below $61.00 before mounting a recovery to $68.00.
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