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25.05.2020 BRENT OIL Daily Analysis

Today Brent oil is trading on 35.14usd and it went up with 1.21percent erasing the last week’s losses. The oil prices have been getting support from the

Yazar: editor_1

Yayınlanma: 25 Mayıs 2020 17:01

Güncellenme: 19 Kasım 2024 09:46

25.05.2020 BRENT OIL Daily Analysis

BRENT OIL  35.14usd, +0.45, +1.21% Today Brent oil is trading on 35.14usd and it went up with 1.21percent erasing the last week’s losses. The oil prices have been getting support from the easing of the lockdown measures all around the world. This boosted the hope that the demand for oil is going to increase again.OPEC recorded that so far in May they have recorded that it has cut oil exports with 6 million BPD  and this is actually a great start for the negotiated deal for deepening the cuts. The positive response to the agreement has been a good anchor for the oil prices.
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