Brent Oil's Barrel Traded at $ 44.98

Brent Oil's Barrel Traded at $ 44.98

In global markets, brent oil traded at $ 44.98 a barrel. The barrel price of Brent oil, which saw the level of $ 45.64 yesterday, closed the day at $ 44.62. Brent oil's barrel traded at $ 44.98 at 09.33 today, an increase of 0.8 percent compared to close. At the same time, West Texas type (WTI) crude oil was traded at $ 42 a barrel. According to the American Petroleum Institute (API), the US commercial crude oil stocks have dropped by about 4 million barrels. As this decrease meant an increase in demand in the US market, crude oil prices also increased. On the other hand, Russia's announcement that the Coronavirus (Covid-19) vaccine was registered created the expectation that there would be an increase in consumption and had a positive effect on prices. In addition, the uncertainty regarding the new $ 1 trillion stimulus package, which is expected to be given as part of the fight against the Coronavirus (Covid-19) epidemic in the USA, puts downward pressure on prices. Technically, the resistance between 44.78 and 44.83 dollars in Brent oil; It was noted that the range of $ 44.65 and $ 44.57 could be followed as a support zone.