Brent Oil Hovered Above $ 67 A Barrel

Brent oil has hovered above $ 67 a barrel on May 24. A barrel of Brent oil is trading at $ 67.09 in global markets today.

The barrel of Brent oil, which reached up to $ 67.10 on the last trading day of last week, completed the day at $ 66.35. The barrel of Brent oil, which increased by 1.11 percent compared to the close at 09:38 today, is trading at $ 67.09. At the same time, the barrel of West Texas type (WTI) crude oil was traded at $ 64.30. The prospect of an interruption in the ongoing nuclear deal negotiations between Iran and the US played a role in the rise in oil prices. The negotiations, which started in Vienna, the capital of Austria, on 6 April and discussed the full implementation of the Iran nuclear agreement, known as the Comprehensive Joint Action Plan, and the return of the US to the agreement by lifting the sanctions, are expected to continue this week. Iranian Parliament Speaker Muhammed Bakir Kalibaf's statement that the International Atomic Energy Agency (IAEA) has lost its right to view images involving the activities of nuclear facilities in Iran, referring to the possibility of a dispute in the talks, raised oil prices, which lost value last week due to supply concerns. Reminding that the deadline for lifting the sanctions expired yesterday, Kalibaf said, "The 3-month period that the images will be deleted if the sanctions are not lifted expired yesterday. IAEA does not have the right to access the images about our nuclear activities." On the other hand, Iranian President Hassan Rouhani said in a statement yesterday that they neutralized US sanctions with the progress in the industry. In technical terms, it was stated that in Brent oil, the range of $ 67.28 and $ 67.57 could be followed as the resistance zone and the range of $ 66.59 and $ 66.30 as the support zone.