Barrel Price of Brent Oil Increased

Barrel Price of Brent Oil Increased

Brent oil's barrel started the first day of the week with an increase of nearly 4 percent. On Monday, May 18, the barrel of brent oil is trading at the international market at $ 33.62. Brent oil, which rose to $ 32.91 on Friday, May 15, closed the day at $ 32.50 a barrel. Brent oil's barrel price was traded at $ 33.62 on Monday, May 18, increasing by 3.45 percent compared to the closing level at 08.41. At the same time, West Texas crude oil (WTI) was trading at $ 30.76 a barrel. China's industrial production in April increased by about 4 percent compared to the boiling period of last year, resulting in an increase in oil prices. As we mentioned in our news of May 16, the oil drilling rigs of the USA had gradually decreased. In the last case, the number of oil drilling rigs, the number of which was 258, decreased by 425 in total. As part of these developments, the impact of US-China relations on oil prices will be monitored.