Price of Brent Oil Decreases

Price of Brent Oil Decreases Price of Brent oil decreases. In global markets today, brent oil traded at $ 41.39 a barrel. The barrel price of Brent oil, which declined to $ 41.28 on Monday, closed the day at $ 41.44. The barrel of Brent oil, which decreased by 0.12 percent compared to the closing at 09:08 today, traded at $ 41.39. At the same time, a barrel of West Texas crude oil (WTI) traded at $ 39.52. Commenting on oil prices, oil analyst Jose Chalhoub stated that the barrel price of crude oil, which started the day low, was between 39 and 41 dollars.   Chalhoub noted:

"The possibility that Khalifa Haftars, the leader of the illegitimate armed forces in the east of Libya, lift of the blockade on the oil ports and facilities of the country could cause another supply of 1 million barrels in the long run in the oil market, which is already having troubled times in terms of demand.”

  In addition, the return of energy companies to production after the hurricane, which interrupted production in the Gulf of Mexico, lost its effect, was also effective in the price decrease.   The resistance in Brent oil is between 41.50 and 41.68 dollars; It was stated that the range of $ 41.21 and $ 41.10 can be followed as a support zone.