Brent Oil Prices Continues to Fall

Brent Oil Prices Continues to Fall Brent oil prices continues to fall. Today, a barrel of Brent oil in global markets finds buyers at $ 39.67. The barrel price of Brent oil, which dropped to $ 39.31 yesterday, closed the day at $ 39.78. The barrel of Brent oil, which decreased 0.27 percent today at 09:07 in the morning, was able to find buyers at $ 39.67. At the same time, West Texas type (WTI) crude oil traded at $ 36.65 a barrel.   The sharp decline in Brent oil prices felt as a result of the coronavirus (Covid-19) pandemic increasing its effect all over the world. The decision of Saudi Arabia's national oil company Saudi Aramco, the leader of the Organization of Petroleum Exporting Countries (OPEC), to reduce its sales to Asia and the USA has also increased the concerns of those who invest in oil. On the other hand, after the dollar index started its downward trend last week, it has entered an upward trend again, putting a downward pressure on oil prices. Technically speaking, in Brent oil, the resistance between 39.68 and 39.73 dollars; It was stated that the range of $ 39.57 and $ 39.52 can be followed as the support zone.