Brent Oil’s Barrel Price Decreased on November 30
Brent Oil’s barrel price decreased on November 30. A barrel of Brent oil traded at $ 47.20 in global markets today.
The barrel price of Brent oil, which saw the level of 48.42 dollars on the last trading day of the last week, closed the day with 48.25 dollars. At around 10 am this morning, the barrel of Brent oil decreased by 2.18 percent compared to the closing and found traded at $ 47.20. At the same time, West Texas type (WTI) crude oil traded at $ 44.59 a barrel.
Global markets turned their attention to the OPEC meeting, which consists of the Organization of Petroleum Exporting Countries (OPEC) and some non-OPEC producer countries, will hold today and tomorrow via video conferencing and discuss the decision for the next year's cut.
It was reported yesterday that the OPEC group countries met at a last-minute call from Saudi Arabia and Russia to strengthen the consensus before the final decision, but a joint decision could not be reached within the group due to the objections of some countries.
In technical terms, it was stated that the range of $ 47.41 and $ 47.84 could be followed as the resistance zone in
brent oil and the range of $ 46.98 and $ 46.55 as the support zone.