Brent Oil hovered Above $ 63 A Barrel

Brent oil has hovered above $ 63 a barrel. Today, a barrel of Brent oil is traded at $ 63.56 in global markets.

The barrel price of Brent oil, which reached the level of $ 63.76 on the first trading day of the week, closed the day at $ 63.30. The barrel price of Brent oil, which increased by 0.41 percent compared to the closing at 09:36 am today, traded at $ 63.56. At the same time, the barrel of West Texas type (WTI) crude oil was traded at $ 60.21. The suspension of production due to cold weather in the wells and refineries in Texas, one of the world's largest oil producer USA's crude oil producing states, played a role in the rise in oil prices. In Texas, which has a total of 31 refineries and produces about 4.6 million barrels per day, several oil companies including ExxonMobil, Total, Valero and Shell have temporarily suspended their production activities due to "unprecedented freezing cold weather". On the other hand, Iran-backed Houthis in Yemen announced that they targeted 2 airports in Saudi Arabia with unmanned aerial vehicles (UAV), which made supply concerns inevitable in the country, which is the world's largest oil exporter, and affected the rise in oil prices. In addition, positive news about the vaccine studies developed against the coronavirus supported the rise in prices, creating the idea that the global economic recovery will accelerate. Yesterday, WHO (World Health Organization) gave emergency use approval to the Oxford-AstraZeneca vaccine. In technical terms, it was stated that 63.59 and 63.86 dollars range can be followed as resistance and 63.32 and 63.05 dollars range can be followed as support zone in brent oil.