Brent Oil Hovered Over $ 50 A Barrel

Brent Oil Hovered Over $ 50 A Barrel Brent oil hovered over $ 50 a barrel. A barrel of Brent oil was traded at $ 50.95 in global markets today. The barrel price of Brent oil, which saw the level of $ 51.68 on the last trading day of the last week, closed the day at $ 51.34. The barrel of Brent oil, which decreased by 0.76 percent compared to the close at 9:20 am today, traded at $ 50.95. At the same time, West Texas type (WTI) crude oil traded at $ 47.91 a barrel. Although global vaccination studies have started in the coronavirus epidemic, the risk of the virus mutating puts a barrier to the rise of prices. In addition, according to the weekly data released by the oilfield services company Baker Hughes, the number of oil rigs in the US rose by 1 to 264 in the week of December 19-25 compared to the previous week. This increase had an effect on the suppression of prices by raising the expectations of a surplus in oil. In addition, US President Donald Trump's approval of the long-awaited stimulus package has curbed the decline in oil prices. In technical terms, it was stated that the range of $ 51.21 and $ 51.37 could be followed as the resistance zone and the range of $ 51.05 and $ 50.89 in brent oil.