Brent Oil Barrel Price is on The Rise

Brent Oil Barrel Price is on The Rise Brent oil barrel price is on the rise. A barrel of Brent oil traded at $ 41.51 in global markets today. The barrel of Brent oil, which dropped to $ 39.14 on Monday, closed the day at $ 41.29. Today, around 09.20 a barrel of Brent oil, which increased by 0.5 percent compared to the closing, traded at $ 41.51. At the same time, West Texas type (WTI) crude oil traded at $ 39.41 a barrel. Oil prices, which increased with the news of the improvement of the health condition of US President Donald Trump, who was caught in the coronavirus (Covid-19), continued to rise with the discharge of the president. It is estimated that the country's oil production will decrease by 8 percent, as the works in 6 offshore oil and natural gas fields are interrupted due to the ongoing strikes in Norway. The declining supply from Norway also supports the upward trend in oil prices. In technical terms, it is said that the range of 41.52 to 41.66 dollars can be followed as the resistance zone and the range of 41.38 to 41.24 dollars can be followed as the support zone in Brent oil.