Brent Oil Hits Over $ 39 A Barrel

Brent Oil Hits Over $ 39 A Barrel Brent oil hits over $ 39 a barrel. Today, a barrel of Brent oil is trading at $ 39.88 in global markets. The barrel price of Brent oil, which closed the week on $ 40.34 yesterday, closed the day at $ 39.83. At around 9:25 am today, the barrel of Brent oil increased by 0.12 percent compared to the closing and traded for $ 39.88. At the same time, a barrel of West Texas type crude oil (WTI) traded at $ 37.45.   In the Gulf of Mexico, where more than half of the US oil refineries are located, due to Hurricane Sally, oil companies actions of evacuating their employees from coastal facilities and disrupting production played a major role in the rise in prices. In addition, the announcement that the British pharmaceutical company AstraZeneca will continue trials of the synthetic antibody drug for the new type of Coronavirus (Covid-19) treatment, which has been stopped due to unsuccessful test results, positively affected oil demand expectations and supported the prices. It was stated that the range of $ 40.15 to $ 40.32 could be followed as the resistance zone in brent oil, and the range of $ 39.50 to $ 39.74 could be followed as the support zone.