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Brent Down 15% Since Apr but Higher Priced in GBP

OIL

While Brent crude has fallen in recent months on demand concerns the strength of the US dollar has helped maintain the price of crude in GBP and EUR.

  • Brent in GBP and EUR are still near the start of April levels. Brent crude in USD is down by 15% since Apr 1 while in EUR it is down just 3.4% and in GBP is actually 1.75% higher in the same period.

Source: Bloomberg

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While Brent crude has fallen in recent months on demand concerns the strength of the US dollar has helped maintain the price of crude in GBP and EUR.

  • Brent in GBP and EUR are still near the start of April levels. Brent crude in USD is down by 15% since Apr 1 while in EUR it is down just 3.4% and in GBP is actually 1.75% higher in the same period.

Source: Bloomberg