Brent Oil's Barrel is Trading at $ 45.02

Brent Oil's Barrel is Trading at $ 45.02

In global markets, brent oil is trading at $ 45.02 a barrel. The barrel price of Brent oil, which rose to $ 45.26 yesterday, closed the day at $ 44.49. Brent oil's barrel traded at $ 45.02 today, at around 09.35 hours, up 0.07 percent from close. At the same time, West Texas type (WTI) crude oil was trading at $ 42.08 a barrel. Markets focused on a new $ 1 trillion incentive package to combat the Coronavirus (Covid-19) outbreak in the USA. The stimulus package that the Republican senators presented to the US Senate yesterday will be presented to the House of Representatives if the approval of the quorum in the Senate. In addition, the increase in the number of Covid-19 cases worldwide negatively affects global economic growth and oil demand expectations. This situation continues to put pressure on crude oil prices. Technically, the resistance of the range between 45.24 and 45.32 dollars in Brent oil; It is said that the range of $ 44.94 and $ 44.84 can be followed as a support zone.