Brent Oil Barrel Price Decreased

Brent oil price per barrel declined. Today, a barrel of Brent oil is traded at $ 64.19 in global markets.

The barrel price of Brent oil, which reached the level of $ 66.79 on Tuesday, closed the day at $ 64.48. The barrel price of Brent oil, which decreased by 0.45 percent compared to the closing at 09:34 am today, traded at $ 64.19. At the same time, the barrel of West Texas type (WTI) crude oil was traded at $ 61.20. The forecast that the US's commercial crude oil stocks increased, created concerns that demand would decline in the country and caused prices to decline. According to the estimates of the American Petroleum Institute, the commercial crude oil stocks of the USA increased by approximately 1 million barrels compared to the previous week, contrary to the expectations. The market expectation was that the stocks would decrease by approximately 5.3 million barrels. Official oil stock data from the US Energy Information Administration will be released today.   "Economic Recovery Remains Uneven ..." In his presentation for the Monetary Policy Report yesterday, US Federal Reserve (FED) President Jerome Powell noted that the number of coronavirus cases has decreased in the country in recent weeks, and that ongoing vaccinations give hope for a return to more normal conditions late this year. Powell also used the following statements: "The economic recovery remains uneven, it is far from complete and the path ahead is rather uncertain." The spread of vaccination efforts and the positive news flow regarding the stimulus package in the country are putting a barrier to the decline in oil prices. In technical terms, it is stated that in brent oil, the range of $ 64.21 and $ 64.42 can be followed as the resistance zone and the range of $ 64 to 63.79 as the support zone.