The Brent oil price fell sharply Friday night, down the better part of 2% to $52.54. The was no obvious cause but the US House vote to pass oil exports was one, from Reuters:
A bill to repeal the U.S. oil export ban passed the House of Representatives on Friday, but faces an uncertain future after a veto threat by President Barack Obama.
The bill sponsored by Representative Joe Barton, a Texas Republican, passed the House 261 to 159, failing to reach the 290 votes necessary to overturn a presidential veto.
