Brent Oil Starts the Day Above $ 41

Brent Oil Starts the Day Above $ 41 Brent oil starts the day at over $ 41. A barrel of Brent oil traded at $ 41.17 in global markets today. The barrel price of Brent oil, which dropped to $ 40.62 on Monday, closed the day at $ 40.81. At 9:22 am today, the barrel of Brent oil rose 0.88 percent compared to the closing and traded at $ 41.17. At the same time, West Texas type (WTI) crude oil was traded at $ 38.88 a barrel. In the US, as hurricane Zeta approached the Gulf of Mexico, energy companies began to close offshore oil and gas platforms in the region, causing prices to rise slightly. On the other hand, Libya's resumption of production and the daily production of 500 thousand barrels puts a barrier on the rise in prices by creating concerns about excess supply. In addition, the increase in new types of Coronavirus (Covid-19) cases worldwide increases the concern that 'global oil demand will continue to remain weak, causing a downward pressure on prices. In technical terms, it is said that the range of $ 41.16 and $ 41.24 can be followed as the resistance zone and the range of $ 41.08 and 41 as the support zone in Brent oil.