Brent Oil Reached Above $78 A Barrel

Brent oil reached above $78 a barrel on December 28. Today, Brent oil is priced at $78.34 a barrel in global markets.

Brent oil, which went up to $ 79.08 yesterday, closed the day at $ 78.22. Brent oil, which increased by 0.15 percent compared to the closing at 09:20 am today, is trading at $ 78.34 a barrel. At the same time, West Texas Intermediate (WTI) crude oil was traded at $75.78 a barrel. Markets focused on the meeting of the OPEC+ group, scheduled for January 4, and the ongoing talks in Vienna, Austria, for the full re-implementation of the Iran nuclear deal, called the Joint Comprehensive Plan of Action. Investors are watching with interest the oil stock forecasts of the American Petroleum Institute to be announced today and the official oil stock data of the US Energy Information Administration to be announced tomorrow. In technical terms, it is stated that the range of $78.57 to $78.70 can be viewed as resistance, and the range of $78.27 to $8.10 as support in Brent oil.