Barrel Price Brent Oil Increased on December 31
Barrel price
Brent Oil increased on December 31. Today, a barrel of Brent oil traded at $ 51.66 in global markets.
The barrel price of Brent oil, which saw $ 51.71 on Wednesday, closed the day at $ 51.63. Today, it traded at $ 51.66 with an increase of 0.06 percent compared to the close at 9:43 am. At the same time, West Texas type (WTI) crude oil traded at $ 48.41 a barrel.
The decrease in the commercial crude oil stocks of the USA played a role in the slight increase seen in oil prices. The US Energy Information Administration (EIA) shared weekly data on the country's commercial crude oil stocks. According to the data released, commercial crude oil stocks in the US dropped 6.1 million last week compared to the previous week and fell to 493.5 million barrels. The decline forecast of the market was that it would be 2.1 million.
In technical terms, it was stated that the range of $ 51.67 and $ 51.76 could be followed as the resistance zone in
Brent oil, and the range of $ 51.56 and $ 51.46 could be followed as the support zone.