Brent Oil Hits Above $ 51

Brent Oil Hits Above $ 51 Brent oil hits above $ 51. A barrel of Brent oil traded at $ 51.47 in global markets today. The barrel price of Brent oil, which saw $ 51.59 on Wednesday, closed the day at $ 50.24. The barrel of Brent oil, which increased by 0.44 percent compared to the closing at 09.30 today, traded at $ 51.47. At the same time, West Texas type (WTI) crude oil traded at $ 48.33 a barrel. The decrease in the commercial crude oil stocks of the USA played an important role in the rise in prices. According to US Energy Information Administration (EIA) data commercial crude oil stocks in the country fell by 600 thousand (0.1 percent) barrels last week to 499.5 million barrels. In addition, the detection of a 70 percent more contagious type of coronavirus last week in the UK is putting a barrier to the rise of prices. In technical terms, it is stated that the range of $ 51.68 and $ 51.75 can be watched as a resistance zone, and the range of $ 51.45 and $ 51.38 can be watched as a support zone.