Barrel Price Of Brent Oil Increased on April 13

Barrel price of Brent oil increased on April 13. Today, a barrel of Brent oil is trading at $ 63.66 in global markets.

The barrel of Brent oil, which reached the level of $ 64.31 on the first trading day of the week, closed the day at $ 63.28. The barrel of Brent oil, which increased by 0.60 percent compared to the closing at 09:47 am today, is trading at $ 63.66. At the same time, the barrel of West Texas type (WTI) crude oil was traded at $ 60.05. As the data announced in China, the second largest oil consumer in the world, signaled that economic activities were accelerating, the ideas that oil demand would increase played a role in the increase in oil prices. On the other hand, the announcement that the Iran-backed Houthis in Yemen attacked the facilities of Saudi Aramco, the world's largest oil exporter, Saudi Arabia's national oil company, increased supply-based concerns and contributed to the rise in prices. The Spokesperson of the Houthis, Yahya Seri, announced on his Twitter account yesterday that they have attacked Saudi Aramco's refineries in Jeddah and Jubeyl with 10 unmanned aerial vehicles (UAVs). The series also reported that sensitive military posts in the Hamis Muşayt and Jazan regions in the southwest of the country were targeted with 5 UAVs and two ballistic missiles.

Crude Oil Stocks Expected to Decrease in the USA

The expectation that the commercial crude oil stocks of the USA, the world's largest oil consumer, declined last week, supports the perception that the demand in the country has increased, bringing along an increase in prices. Stock data of the American Petroleum Institute (API) will be released today, and the official stock data of the US Energy Information Administration will be released tomorrow. According to API's forecast to be announced today, if there are signs of decline in US commercial crude oil stocks, prices are expected to rise. However, despite the strong economic recovery prospects in the major economies, the pace of vaccination efforts in Europe and the forecasted increase in Iran's oil supply in the coming months put a barrier to the rise in prices. In technical terms, it is stated that the range of 63.67 and 64.31 dollars can be followed as resistance and the range of 63.23 and 62.69 dollars can be followed as support zone in Brent oil.