Low Brent creates window of opportunity for hedgers, say analysts

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Brent creates window of opportunity, say analysts

Swooning prices for Brent crude oil have created a window of opportunity for firms to lock in their fuel costs via forwards and options, before prices pick up again towards the end of the year, say analysts.

North Sea Brent crude oil futures have seen a sharp drop in prices over the past few months. From a peak of around $119 per barrel (/bbl) in mid-February, the contracts dipped to under $100/bbl during April. Having briefly rebounded in May, the front-month futures contract closed at $100.39/