Brent Oil Rising!

Brent Oil Rising! Brent oil's barrel is trading at $ 35.29 on international markets on the first business day of the week. Due to the coronavirus epidemic, the drop in oil prices started to rise again after the epidemic was taken under control. The barrel price of Brent oil, which rose to $ 36.23 on Friday, closed the day at $ 35.13. Brent oil started trading at $ 35.29, with an increase of 0.45 percent compared to the closing at 09.10. In the same minutes, the West Texas crude oil (WTI) found buyers at $ 33.59 a barrel. According to information from weekly data released by Baker Hughes, known as the oilfield service company, the number of oil drilling rigs in the United States decreased by 21 to 237 in the week of May 16-22 compared to the previous week. Along with these figures, the decline in oil drilling rigs in the USA has been continuing for 10 weeks. However, it was reported that the first of the 5 Iranian oil tankers reached the Venezuelan waters without encountering any US intervention. Experts say that the pandemic, which affects the entire world, despite the oil production cuts, is the biggest obstacle to the recovery of prices in the medium term due to the adverse effects of oil demand. Along with these developments, oil prices will be determined in line with the economic developments between the USA and China. Brent oil is technically stated that the range of $ 35.08 to $ 35.76 can be traced as a resistance zone, and the range of $ 34.40 to $ 33.72 as a support zone.