Brent down $5, U.S. crude falls $4 on Japan crisis

RealClearMarkets ^ | 03/15/2011

[SeekAndFind]

Brent crude fell $5 on Tuesday and U.S. crude dropped $4 as concerns over a deepening nuclear crisis in Japan heightened risk aversion and pushed prices lower in the oil markets.

Brent crude for April delivery fell as low as $107.88 while U.S. crude for April delivery dropped briefly to $97.10.

[mortal19440]

Does this mean that gas follows? Probably not, but why not. When oil goes up gas goes up the next day, when it goes down gas takes it ‘s time coming down. Why?

[Buckeye McFrog]

it will be back to $80 if a week goes by without some other major unrest happening in the Mideast

[Buckeye McFrog]

When oil goes up gas goes up the next day, when it goes down gas takes it ‘s time coming down. Why?

I think you've just identified the major Democrat "save our arses talking points narrative" for the next 30-60 days.

[Chaguito]

The Energy sector bullish percentage has been bearish since before the Japan earthquake. The current panic is just pushing the drop in prices along.

[blueunicorn6]

It’s the rich Republican speculators!