Brent Oil Hovers At $ 45

Brent Oil Hovers At $ 45

Brent oil is at the level of $ 45. The barrel of Brent oil is traded at $ 45.01 in global markets on the first business day of the week. The barrel price of Brent oil, which fell to $ 43.59 on Friday, closed the day at $ 44.80. Brent oil was traded at $ 45.01 a barrel today, up 0.4 percent from close at 09.02 hrs. At the same time, West Texas type (WTI) crude oil traded at $ 42.39 a barrel. US President Donald Trump's announcement that the US Food and Drug Administration (FDA) has given emergency approval for plasma treatment against Coronavirus supported expectations that the decrease in consumption would increase again and had a positive effect on prices. The storm that brought production to a halt in the Gulf of Mexico also had a major impact on the rise in prices. Due to the tropical storm that hit the Caribbean and the Gulf of Mexico yesterday, energy companies had to pause production by recalling their employees from offshore oil fields. Technically, analysts say the resistance in Brent oil is between $ 45.13 and $ 45.24; They stated that the range of $ 44.90 and $ 44.79 can be followed as the support zone.