Brent Oil Continues to Fall on December 22

Brent Oil Continues to Fall on December 22 Brent oil continues to fall on December 22. Today, a barrel of Brent oil in global markets traded at $ 49.70. The barrel of Brent oil, which saw the level of $ 52.32 on Monday, closed the day at $ 50.91. At 09.26 today, the barrel of Brent oil decreased by 2.37 percent compared to the closing and traded at $ 49.70. At the same time, the barrel of West Texas type (WTI) crude oil traded at $ 46.79. The news that a 70 percent more contagious type of the new type of coronavirus (Covid-19) was detected in the UK created uncertainty in the markets. There was concern that oil demand would decrease as the flights were stopped and the borders closed, and this caused the oil prices to drop. Another reason for the downward pressure on prices was that the mutated virus was seen in different countries such as Denmark, the Netherlands and South Africa after England. In technical terms, it was stated that the range of $ 50.46 and $ 50.91 could be followed as the resistance zone and the range of $ 49.74 and $ 49.47 as the support zone in Brent oil.