Oil Prices Increased

Oil Prices Increased

Brent oil barrels are trading at $ 56.02 in international markets. The price of barrels of Brent oil, which reached up to $ 56.67 yesterday, completed the day at $ 55.66. Brent oil was traded at $ 56.02 a barrel as of 09.25, an increase of 0.64 percent compared to the closing. In the same minutes, the West Texas crude oil (WTI) found buyers at $ 51.70 a barrel. A new type of coronavirus (Kovid-19) emerging in Vuhan, China, has infected more than 80 thousand people worldwide, causing concern about low demand in the global oil market. Due to the outbreak of Kovid-19, the loss of lives in the countries where the virus has spread, especially in the mainland of China, continues to put downward pressure on oil prices. Brent oil is technically stated that the range of $ 56.09 to $ 56.25 can be traced as a resistance zone, and the range of $ 55.93 to $ 55.77 as a support zone.