Brent Oil Traded at $ 43.27 in Global Markets

Brent Oil Traded at $ 43.27 in Global Markets

Brent oil's barrel traded at $ 43.27 in global markets. The barrel price of Brent oil, which saw the level of $ 44.77 yesterday, closed the day at the level of $ 43.31. The barrel price of Brent oil, which fell 0.1 percent compared to the closing at 09.10 today, was traded at $ 43.27. At the same time, the West Texas type (WTI) crude oil was trading at $ 41.03 a barrel. Yesterday, the International Dollar Index dropped to $ 94.59 and had recorded its lowest level since September 2018. This situation increased the demand of oil-importing countries and caused an increase in prices. In addition, the fact that the number of cases exceeds 15.5 million in the coronavirus (Covid-19) pandemic, creates pressure on prices as it reduces global oil consumption. Technically, resistance in the range of $ 43.44 to $ 43.63 in brent oil; It was reported that the range of $ 43.23 to $ 43.06 could be followed as a support zone.