Brent Oil Hovered Above $73 A Barrel

Brent oil hovered above $73 a barrel on September 14. Today in global markets, a barrel of Brent oil is priced at $ 73.96.

Brent oil, which went up to $ 74.17 yesterday, finished the day at $ 73.51. The barrel of Brent oil, which increased by 0.61 percent compared to the closing at 10:03 am today, is trading at $ 73.96. At the same time, West Texas Intermediate (WTI) crude oil was traded at $70.94 a barrel. The world's largest oil producer, the USA, in the Gulf of Mexico, faced the danger of another hurricane before oil and gas production returned to normal after Hurricane Ida, bringing oil prices to the highest levels of the last six weeks. Storm Nicholas, which is approaching the Gulf of Mexico at a speed of 113 kilometers per hour, is expected to be effective in the region in the middle of the week. The companies, which could not fully start their activities due to Hurricane Ida, started to evacuate again on the offshore oil and natural gas platforms in the region. The U.S. Department of the Interior's Security and Environmental Enforcement Administration reported that approximately 44 percent of oil production and 52 percent of natural gas production in the Gulf of Mexico are still closed. The cuts in the country's oil supply due to the ongoing protests in Libya also supported oil prices upwards. Demonstrators demanding the dismissal of the head of the Libyan National Petroleum Corporation (NOC), Mustafa Virtualla, stopped activities at Es Sider and Ras Lanuf ports on Wednesday last week. In technical terms, it was stated that the range of 74.14 to 74.34 dollars can be viewed as resistance and the range of 73.61 to 73.28 dollars can be viewed as support in Brent oil.