Brent Oil continues its escalation

Brent oil continues its escalation. Brent oil's barrel finds buyers in international markets at $ 44.45. Brent oil's barrel, which declined to $ 43.34 on August 4, closed the day at $ 44.34. Brent oil price per barrel increased by 0.24 percent compared to the previous close as of 09.24 today and found buyers at $ 44.45. In the same minutes, the Western Texas type (WTI) crude oil was sold at $ 41.73 a barrel. The increase in the number of coronavirus cases worldwide, global economic growth, and the increase in fuel demand in the USA negatively affected. This situation continues to put pressure on crude oil prices. In addition, the sharp decline in US crude oil stocks also supports the downward movement in prices. It is stated that in Brent oil, technically, the range of $ 44.50 and $ 44.55 can be watched as resistance, and the range of $ 44.35 and $ 44.30 can be watched as the support zone.