Brent Oil Reached Above $81 A Barrel

Brent oil reached above $81 a barrel on October 5. Today, a barrel of Brent oil is priced at $81.53 in global markets.

Brent oil, which went up to $ 82 yesterday, closed the day at $ 81.26. The barrel of Brent oil, which increased by 0.33 percent compared to the closing at 09:40 am today, is trading at $ 81.53. At the same time, West Texas Intermediate (WTI) crude oil was traded at $77.80 a barrel. The decision of the OPEC group to continue its current production increase plan played a role in the rise in prices. 13-member OPEC led by Saudi Arabia and 10 non-OPEC oil producer countries led by Russia decided to maintain a daily production increase of 400 thousand barrels for November, within the scope of the previously determined production regulation plan, at the 21st Ministerial Meeting, where they came together via video conference yesterday. Brent oil reached the highest levels of the last 3 years and WTI reached the highest levels of the last 7 years, after the group's decision to continue with the previously determined plan, despite the USA's call for an increase in production due to the increasing energy prices around the world. In technical terms, it was stated that the range of 81.77 to 82.35 dollars can be followed as resistance, and the range of 81.19 to 80.61 dollars as support in Brent oil.