Brent Oil’s Barrel Price Decreased Slightly

Brent Oil’s Barrel Price Decreased Slightly Brent oil's barrel price decreased slightly. Today, in global markets, brent oil traded at $ 43.73 a barrel. The barrel price of Brent oil, which dropped to $ 43.17 on Tuesday, closed the day at $ 43.75. At 09.23 today, the barrel of Brent oil, which fell 0.05 percent compared to the closing, traded at $ 43.73. At the same time, West Texas type (WTI) crude oil was traded at $ 41.33 a barrel. The American Petroleum Institute's announcement that the US commercial crude oil stocks increased by 4.2 million barrels last week compared to the previous week raised concerns over supply in oil markets. Accordingly, a slight decrease was observed in oil prices. On the other hand, the increase in the cases of new types of coronavirus (Covid-19) and the introduction of new measures, especially in Europe, increased the 'concern that oil demand will decrease' and pressed prices downward. In technical terms, it is stated that in Brent oil, the range of $ 43.80 and $ 43.96 can be followed as resistance, and the range of $ 43.64 and $ 43.48 can be followed as a support zone.