Brent Oil Hovered Above $82 A Barrel

Brent oil hovered above $82 a barrel on January 11. Today, Brent oil is priced at $82.32 a barrel in global markets. Brent oil, which went up to $ 82.30 yesterday, closed the day at $ 80.87. Brent oil, which increased by 0.56 percent compared to the closing at 09:52 am today, is trading at $ 82.32 a barrel. At the same time, West Texas Intermediate (WTI) crude oil was traded at $78.80 a barrel. Concerns that the production of the OPEC+ group would not be able to meet the increasing demand were effective in the increase in oil prices. Experts say that while the group has increased its production by 400 thousand barrels every month since August, some member countries have not been able to increase their production volumes and are lagging behind the demand, which continues to recover. On the other hand, the concerns that the increasing Covid-19 cases will negatively affect the global oil demand restrain the upward trend of prices. Oil stock forecasts of the American Petroleum Institute will be followed in the markets 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 81.52 to 82.01 dollars can be followed as a resistance and the range of 81.03 to 80.54 dollars as a support zone in Brent oil.