Brent Oil Started the Day Above $ 44

Brent Oil Started the Day Above $ 44 Brent oil started the day above $ 44. Today, a barrel of Brent oil traded at $ 44.13 in global markets. The barrel price of Brent oil, which dropped to $ 43.84 on Thursday, closed the day with $ 44.20. At 09.30 this morning, the barrel of Brent oil, which fell 0.16 percent compared to the closing, traded at $ 44.13. At the same time, West Texas type (WTI) crude oil traded at $ 41.77 a barrel. The signals that the stimulus package negotiations, which are expected to be presented against the new type of coronavirus epidemic in the USA, would restart, put a barrier to the decrease in prices. In addition, positive news about the coronavirus vaccine prevents the decrease in prices to a certain extent. On the other hand, the 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 stops prices from falling. In addition, the concerns over supply in the markets with the resumption of Libya's oil production are putting downward pressure on prices. In technical terms, it is said that the range of 44.35 to 44.66 dollars can be followed as resistance and the range of 44.04 to 43.73 dollars can be followed as the support zone in Brent oil.