Brent Oil Hovered Above $82 a Barrel

Brent oil hovered above $82 a barrel on November 12. Today in global markets, Brent oil is priced at $82.27 a barrel.

Brent oil, which went up to $ 83.44 yesterday, closed the day at $ 82.87. Today, at 09:10, the barrel of Brent oil, which decreased by 0.72 percent compared to the closing, was trading at $ 82.27. At the same time, West Texas Intermediate (WTI) crude oil was traded at $81.05 a barrel. Oil prices continue to slide on concerns that rising energy costs in the US will boost inflation and expectations that more crude will be released from the US strategic oil reserve. The appreciation of the dollar in all global markets also plays a role in the decline in prices. In its monthly oil market report, the Organization of Petroleum Exporting Countries announced that daily crude oil production increased by 220,000 barrels in October compared to the previous month, and rose to approximately 27 million 450 thousand barrels. According to the report, global oil supply increased by 1 million 740 thousand barrels per day compared to the previous month and reached approximately 97 million 560 thousand barrels last month. In technical terms, it was stated that the range of 82.29 to 83.54 dollars can be followed as resistance, and the range of 82.04 to 81.79 dollars can be followed as support in Brent oil.