Brent Oil Hovered Above $93 a Barrel

Brent oil hovered above $93 a barrel on February 16. Today in global markets, Brent oil is priced at $ 93.38 a barrel.

Brent oil, which went up to $ 96.26 yesterday, closed the day at $ 93.28. Brent oil, which increased by 0.11 percent compared to the closing at 09:33 am today, is trading at $ 93.38 a barrel. At the same time, West Texas Intermediate (WTI) crude oil was traded at $92.31 a barrel. Russian Ministry of Defense announced that some of the military units that completed their duties within the scope of the exercises yesterday started to return to their bases, Russian President Vladimir Putin said that they did not want a war in Europe and that they made proposals regarding the negotiation process. With the statements made partially calming the tension between the two countries, the retreat in oil prices accelerated. With the increase in geopolitical risks, the barrel price of Brent oil, which saw its highest level since October 2014 with $ 96.78 on Monday, fell to $ 92.06 with a daily depreciation of more than 3 percent, after the news flow that reduced the tension between Russia and Ukraine yesterday. In technical terms, it was stated that the range of 93.43 to 94.09 dollars can be followed as resistance, and the range of 92.77 to 92.11 dollars can be viewed as support in Brent oil.