Brent Oil Traded Above $ 63 A Barrel

Brent oil traded above $ 63 a barrel Today a barrel of Brent oil is traded at $63.52 in global markets

The barrel price of Brent oil, which reached the level of $ 63.63 on Tuesday, closed the day at $ 63.35. The barrel of Brent oil which increased by 0.27 percent compared to its previous closing at 09:38 am today traded at $63.52 At the same time the barrel of West Texas type(WTI crude oil was traded at $ 60.13 The temporary interruption of oil production in the USA, the world's largest oil producer, due to freezing temperatures, brought about an increase in oil prices. In Texas, which has a total of 31 refineries and produces about 4.6 million barrels per day, oil production has decreased by almost half due to weather conditions. On the other hand, the increase in the value of the US dollar against other currencies has impeded the rise in dollar-indexed crude oil prices. Today, in the oil markets, the US's stock forecast for the past week to be announced by the American Petroleum Institute will be monitored closely. Technically speaking, the range of $ 63.59 to $ 63.75 can be followed as the resistance zone and the $ 63.43 to $ 63.27 range as the support zone in Brent oil.