Brent Oil Exceeds $ 44 A Barrel

Brent Oil Exceeds $ 44 A Barrel Brent oil exceeds over $ 44 a barrel. Today, a barrel of Brent oil traded at $ 44.23 in global markets. The barrel price of Brent oil, which rose to $ 44.63 on Monday, closed the day at $ 43.82. At 09.25 today, the barrel of Brent oil increased by 0.94 percent compared to the closing and traded at $ 44.23. At the same time, West Texas type (WTI) crude oil traded at $ 41.66 a barrel. Positive news about the coronavirus (Covid-19) vaccine had a positive effect on oil prices, raising the hopes of recovery. In addition, increased cases and quarantine practices in the coronavirus (Covid-19) epidemic are pushing prices down due to the concern that oil demand will decrease. On the other hand, oil prices rose due to the positive expectation in international oil markets that the duration of the oil production cut agreement imposed by the Organization of Petroleum Exporting Countries (OPEC) and some non-OPEC producer countries will be extended. In technical terms, it was stated that in brent oil, the range of $ 44.22 and $ 44.54 could be followed as the resistance zone and the range of $ 43.90 and $ 43.58 as the support zone.