This week, as the US and Israeli war against Iran continued to expand across the Middle East, traders and analysts have been fretting about “Brent” as if he’s an old, wayward friend: “Brent” got the highest anyone had seen in years on Monday. Later in the day, “Brent” fell hard, inched back up and then got knocked down again on Tuesday.
It’s only Wednesday! Poor “Brent.” He’s really had a rough go of it lately.
For those who don’t make a habit of following oil markets or commodities trading, “Brent” — or Brent crude — typically refers to the crude oil price benchmark most widely