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usdtry-amir-17082022

Forex Signal For USD/TRY: Lira Trades in a Narrow Range.

by Ross Sutton
August 17, 2022
2

Forex Signal For USD/TRY: Lira Trades in a Narrow...

eurusd_17082022

Forex Signal For EUR/USD: Pair Drops Below $1,0195

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August 17, 2022
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Forex Signal For EUR/USD: Pair Drops Below $1,0195  ...

gbpusd-crispus-17082022

Forex Signal For GBP/USD: Double Peak Curve Forms Ahead of FOMC Disclosures

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August 17, 2022
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Forex Signal For GBP/USD: Double Peak Curve Forms Ahead...

audusd-crispus-17082022

Forex Signal For AUD/USD: Drops Expected To Be Harder Than 0.6950 In Bear Market Eyes.

by Ross Sutton
August 17, 2022
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Forex Signal For AUD/USD: Drops Expected To Be Harder...

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Brent Oil Hovered Above $84 a Barrel

Eylem Özer by Eylem Özer
January 14, 2022
in Commodity News, EN
0
Brent Oil Reached Above $109 a Barrel

Brent Oil Reached Above $109 a Barrel

8
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Brent Oil Hovered Above $84 a Barrel

Brent oil hovered above $84 a barrel on January 14. Today in global markets, Brent oil is priced at $ 84.64 a barrel.

Brent oil, which went up to $ 85.10 yesterday, closed the day at $ 84.47. Brent oil, which increased by 0.20 percent compared to the closing at 09:46 am today, is trading at $ 84.64 a barrel. At the same time, West Texas Intermediate (WTI) crude oil was traded at $82.08 a barrel.

Oil prices are mixed after expectations that the world’s largest oil consumer, the USA, may take action to reduce crude oil prices, which are above $80 per barrel.

After the US Department of Energy announced yesterday that it has sold 18 million barrels of strategic crude oil reserves to six companies, expectations have strengthened that such sales will tighten the schedule and provide more oil to the market.

The world’s second largest oil consumer, China’s tightening of its measures against the increasing Covid-19 cases also had an impact on prices, causing concerns that it would negatively affect global oil demand.

However, with the optimistic approach in the markets that the impact of the Omicron variant of Covid-19 on the global economy and oil demand will be short-lived, the decline in the US crude oil stocks to the lowest level since 2018 limits the losses in oil prices.

It was stated that the range of $84.74 to $85.31 can be viewed as resistance, and the range of $84.17 to 83.60 as support in Brent oil.

Yatırım Botuna Kaydol! Yatırım Botuna Kaydol! Yatırım Botuna Kaydol!
Tags: barrel of West Texas type (WTI) crude oilBrent Oil Hovered Above $84 a BarrelBrent Oil's Barrelcommoditiescommodity newseconomy newsfinancial newsWTI
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usdtry-amir-17082022

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usdtry-amir-17082022

Forex Signal For USD/TRY: Lira Trades in a Narrow Range.

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