Brent Oil Continues To Rise on December 17

Brent Oil Continues To Rise on December 17 Brent oil continues to rise on December 17. A barrel of Brent oil traded at $ 51.64 in global markets today. The barrel of Brent oil, which reached a level of $ 51.20 on Wednesday, closed the day at $ 51.08. The barrel of Brent oil, which increased by 1.09 percent compared to the closing at 9.35 am, traded at $ 51.64. At the same time, West Texas type (WTI) crude oil traded at $ 48.39 a barrel. Accordingly, the barrel of Brent oil, which was traded at $ 51.86 a barrel on March 3, came very close to the highest level in the last 9 months. The decrease in the commercial crude oil stocks of the USA was a major factor in the decrease in prices. The US Energy Information Administration (EIA) reported that the country's commercial crude oil stocks fell 3.1 million (0.6 percent) barrels last week to 500.1 million barrels. In addition, the point that the world has reached in the treatment of new types of coronavirus has increased optimism and reflected positively on the prices. In technical terms, it is stated that the range of 51.72 to 51.78 dollars can be watched as resistance and 51.55 to 51.44 dollars as the support zone in Brent oil.