Brent crude prices reach high
Investment flows into Brent crude saw prices touch an eleven month high of $76.63/bbl yesterday.
The upward momentum remians strong and a test of last Augusts $78.65/bbl high looks a good prospect as all eyes focus upon the EIA data released in the US later today. The analysts polls point to small builds in crude and gasoline stocks but any divergence from these expectations on the downside will unlock further upward impetus. In particular, the refining capacity number will be very much to the fore.
