Brent Takes Bull Run at $70 But Fails to Hold Gains

摘要

June Brent crude futures rallied to $69.63 per barrel on Wednesday before running out of steam and ultimately settling just 25￠ higher at $67.77. Nevertheless, the price of Brent was still $2 higher than last week and $10 more than a month ago. Once again market bulls sought to using lighter trading volumes during the afternoon in Asia and the night hours in New York to push prices higher before morning trade in Europe gave Brent another leg up.