Brent Oil Barrel Price Increased

Brent Oil Barrel Price Increased Brent oil barrel price increased. In the global markets today, Brent oil traded at $ 42.54 a barrel. The barrel price of Brent oil, which fell as low as $ 40.30 on Wednesday, closed the day at $ 42.30. Brent oil, which increased by 0.57 percent compared to the close, traded at $ 42.54 today at 09.10. At the same time, West Texas type (WTI) crude oil traded at $ 40.16 a barrel. The US $ 2.2 trillion stimulus package, which is planned to be implemented to reduce the negative effects of the new type of Coronavirus (Covid-19) pandemic, played a role in the slight increase in oil prices. In addition, the increase in coronavirus (Covid-19) cases worldwide suppressed prices with the thought that the demand for oil would decrease. According to the US Energy Information Administration (EIA) data, the US commercial crude oil stocks were down 2 million barrels and fell to 492.4 million barrels last week compared to the previous week. The market expectation was that the stocks would increase by approximately 1.4 million barrels. In technical terms, it was stated that the range of $ 42.60 and $ 42.79 could be applied as the resistance zone and the range of $ 42.02 and $ 41.92 as the support zone in Brent oil.