Brent crude oil reached a high of $66.83/bbl on the London market Feb. 18 before falling to settle at $66.25/bbl while US markets were closed Feb. 18 for the Presidents’ Day holiday.
Oil prices dropped on Feb. 19, which analysts attributed to concerns about US-China trade talks and slowing economic growth worldwide.
On Feb. 18, Brent for April closed at $66.26/bbl, up $1.68, while Brent for May rose $1.70 to close at $66.22/bbl.
The Organization of Petroleum Exporting Countries basket of crudes was $66.03/bbl, up $1.16, on Feb. 18.
