Brent Oil Rises Over $ 46

Brent Oil Rises Over $ 46 Brent oil rises over $ 46. Today, a barrel of Brent oil traded at $ 46.59 in global markets. The barrel price of Brent oil, which rose to $ 46.08 on Monday, closed the day at $ 46.04. At around 09.36 today, the barrel of Brent oil increased by 1.19 percent compared to the closing and traded at $ 46.59. At the same time, West Texas type (WTI) crude oil traded at $ 43.64 a barrel. Positive news from the new type of coronavirus (Covid-19) vaccine played a role in the increase in oil prices. Thus, the barrel price of brent oil recorded its highest level since 11 March. In addition, the recommendation of US President Donald Trump to the relevant institution to initiate the necessary procedures for the transition to the administration of Joe Biden, who was elected the 46th president of the country, eliminated the uncertainty in the markets and supported the increase in prices. The market expectation that the Organization of Petroleum Exporting Countries (OPEC) and the OPEC + group, which consists of some non-OPEC producer countries, will postpone the plan to "increase the production amount by 2 million barrels per day in 2021" and extend the duration of the current production cut agreement. playing. In technical terms, it is said that the range of 46.64 to 46.87 dollars can be followed as resistance and the range of 46.41 to 46.18 dollars can be followed as the support zone.