Brent Oil Fell Below $75 A Barrel

Brent oil fell below $75 a barrel on December 14. Today, Brent oil is priced at $74.33 a barrel in global markets.

Brent oil, which rose to $ 76.39 yesterday, closed the day at $ 74.39. Today, at 09:02, the barrel of Brent oil, which decreased by 0.08 percent compared to the closing, is trading at $ 74.33. At the same time, West Texas Intermediate (WTI) crude oil was traded at $71.17 a barrel. The tightening of the measures taken against the Omicron variant and the negative reflection of these measures on the rapid economic recovery and oil demand forecasts after Covid-19 played a role in the decline in oil prices. OPEC's keeping its forecast for global oil demand constant for this year and next year was also effective in the downward movement of prices. On the other hand, the market uncertainty before the Federal Open Market Committee (FOMC) meeting, which will start on Tuesday and will last for two days, and the Asian Development Bank's growth forecasts for 2021 and 2022 due to Omicron concerns, have also brought prices down. created pressure. Markets focused on oil stock data, which the American Petroleum Institute will release today. Official oil stock data from the US Energy Information Administration will be released tomorrow. In technical terms, it is stated that the range of 74.52 to 74.70 dollars in brent oil can be followed as a resistance, and the range of 74.08 to 73.82 dollars as a support zone in Brent oil.