Brent Oil Hovered Above $81 A Barrel

Brent oil hovered above $81 a barrel on October 7. Today, a barrel of Brent oil is priced at $81.05 in global markets.

Brent oil, which went up to $ 83.47 yesterday, closed the day at $ 81.08. The barrel of Brent oil, which decreased by 0.04 percent compared to the closing at 09:20 am today, is trading at $ 81.05. At the same time, West Texas Intermediate (WTI) crude oil was traded at $77.02 a barrel. According to data from the US Energy Information Administration, the country's commercial crude oil inventories increased by 2 million 300 thousand barrels last week from the previous week, more than expected. The market expectation was that inventories would increase by only 300,000 barrels. It was observed that there was an increase of 3 million 300 thousand barrels in the country's gasoline stocks. These data, pointing to the decline in demand and recovery in supply in the country, the world's largest oil consumer, partially prevented the rise in oil prices, which was supported by concerns about the supply gap in global markets. In technical terms, it was stated that the range of 81.14 to 81.50 dollars can be viewed as a resistance and the range of 80.78 to 80.42 dollars as a support zone in Brent oil.