Barrel Price of Brent Oil Decreased

Barrel Price of Brent Oil Decreased Barrel price of Brent oil decreased. Today, in global markets, brent oil traded at $ 39.48 a barrel. The barrel price of Brent oil, which dropped to $ 39.92 on Thursday, closed the day at $ 40.93. At around 9:20 am today, the barrel of Brent oil decreased by 3.54 percent compared to the closing and traded at $ 39.48. At the same time, West Texas type (WTI) crude oil traded at $ 37.36 a barrel. The announcement of US President Donald Trump and his wife Melania Trump's positive Covid-19 test played an important role in the decrease of the prices today. The long-awaited, $ 2.2 trillion economic stimulus package for the coronavirus outbreak has been approved by the US House of Representatives. However, the ongoing uncertainties regarding the package in question had an impact on the price decline. In addition, in the statement made on the Twitter account of the Organization of Petroleum Exporting Countries (OPEC), it was noted that the uncertainty and risks in the global markets due to the Coronavirus (Covid-19) outbreak will continue to affect the oil market and the pace of economic recovery. In technical terms, analysts stated that the range of $ 40.09 and $ 41.03 could be followed as the resistance zone in Brent Oil, and the range of $ 39.15 and $ 38.21 could be followed as the support zone.