Brent Oil Trades Over $41

Brent Oil Trades Over $41 Brent oil trades over $41. Today, a barrel of Brent oil traded at $ 41.20 in global markets on October 26. The barrel price of Brent oil, which rose up to $ 42.74 on Friday, closed the day with $ 42.07. The barrel price of Brent oil, which decreased 2.07 percent compared to the closing date, at 09.43 hours today, traded at $ 41.20. At the same time, West Texas type (WTI) crude oil traded at $ 38.94 a barrel. The rapid increase in coronavirus (Covid-19) cases worldwide caused oil prices to fall. In addition, the fact that Libya restarted oil production caused excess supply in the markets, which supported the decrease in prices. In technical terms, it was stated that the range of $ 41.20 and $ 41.24 could be followed as the resistance zone and the range of $ 41.16 and 41.12 could be followed as the support zone in Brent oil.