Brent Oil Hovered Above $95 a Barrel

Brent oil hovered above $95 a barrel on February 15. Today in global markets, Brent oil is priced at $ 95.81 a barrel.

Brent oil, which rose to $ 96.78 yesterday, was trading at around $ 96.48 on the day. Brent oil, which decreased 0.69 percent compared to the closing at 09:34 am today, is trading at $ 95.81 a barrel. At the same time, West Texas Intermediate (WTI) crude oil was priced at $94.75 a barrel. Profit sales by investors, who wanted to take advantage of the rising prices due to the tension between Russia and Ukraine, played a major role in the decline in oil prices. The rise in oil prices is expected to continue, with concerns that the possible invasion of Ukraine by Russia, which is one of the world's largest oil and natural gas producers, could trigger sanctions from the US and the European Union, and that the supply will tighten further as Russia's exports are interrupted. In technical terms, it is stated that the range of $ 96.43 to $ 97.15 can be viewed as resistance, and the range of $ 95.71 to 94.99 as support in Brent oil.