Brent Oil Barrel Price Falls Down

Brent Oil Barrel Price Falls Down Brent oil price per barrel falls down. Today, a barrel of Brent oil traded at $ 41.43 in global markets. The barrel price of Brent oil, which declined to $ 41.26 on Wednesday, closed the day at $ 41.77. At 09:32 today, the barrel of Brent oil, which decreased by 0.8 percent compared to the closing, was traded at $ 41.43. At the same time, West Texas type (WTI) crude oil traded at $ 39.55 a barrel. Data that the US commercial activities slowed down in September, the US Federal Reserve's concerns about the economic recovery and the new restrictions that came with the increase of the impact of the coronavirus epidemic in the UK and Germany were effective in the decrease in prices. In addition, the decline in crude oil stocks in the USA, which is below the estimates, also suppressed the vertical movement in prices. On the other hand, the removal of the blockade that started 8 months ago on the ports and oil production facilities in Libya and the fact that the country will supply about 1 million barrels of crude oil to the oil market played an important role in the decrease in prices. In technical terms, it was stated that the range of $ 41.50 and $ 41.65 could be followed as the resistance zone in brent oil and the range of $ 41.26 and 41.17 as the support zone.