Brent Oil Traded Above $ 48

Brent Oil Traded Above $ 48 Brent oil traded above $ 48. Today on November 25 a barrel of Brent oil is trading at $ 48.20 in global markets The barrel price of Brent oil, which reached up to $ 47.98 on Tuesday, closed the day with $ 47.78. At 09.34 this morning the barrel of Brent oil which increased by 0.88 percent compared to the closing was trading at $ 48.20. At the same time West Texas type(WTI crude oil traded at $ 45.25 a barrel West Texas type(WTI crude oil at $ 45.25 a barrel Yesterday, oil prices recorded their highest level since March 6, with the point reached in the coronavirus vaccine having a positive effect on the markets. The attack on an oil distribution station in the north of Jeddah, Saudi Arabia, played an important role in rising oil prices. In addition, the eradication of the uncertainty regarding the presidential elections in the USA also supported the rise in prices. Official oil stock data to be announced by the US Energy Information Administration will be monitored today in oil markets. Technically, in Brent oil, the range of $ 48.54 to $ 49.51 can be followed as a resistance zone, and the range of $ 47.57 to $ 46.60 can be followed as a support zone.