Barrel Price of Brent Oil is on the Rise

Barrel Price of Brent oil is on the rise. A barrel of Brent oil traded at $ 54.74 in global markets today. The barrel price of Brent oil, which saw $ 54.69 on Wednesday, closed the day with $ 54.30. At around 9:25 am today, the barrel of Brent oil increased 0.81 percent compared to the closing and traded at $ 54.74. At the same time, West Texas type (WTI) crude oil traded at $ 51.11 a barrel. When Democrats won two seats in the elections in the US state of Georgia, Donald Trump supporters raided Congress. According to the latest information, 4 people lost their lives in the conflicts. As a reflection of the events, oil prices recorded their highest level since February 26. On the other hand, the decrease in crude oil stocks in the USA also affected the price increase. The decrease in stocks created the perception that global oil demand would increase and supported the prices upwards. In technical terms, it was stated that the range of 54.76 to 54.92 dollars could be followed as the resistance zone and the range of 54.60 and 54.44 dollars as the support zone in Brent oil.