Slight Decrease in Brent Oil

Slight Decrease in Brent Oil There was a slight decrease in Brent oil. Today, a barrel of Brent oil traded at $ 50.62 in global markets. The barrel price of Brent oil, which saw the level of $ 50.89 on Tuesday, closed the day at $ 50.76. Today, around 09.18 hours, it was down 0.27 percent from closing and traded at $ 50.62. At the same time, West Texas type (WTI) crude oil traded at $ 47.45 a barrel. The rise in the commercial crude oil stocks of the USA played a role in the decrease in prices, increasing the concerns of excess supply in the global oil market. According to the estimation of the American Petroleum Institute yesterday, the country's commercial crude oil stocks increased by approximately 2 million barrels compared to the previous week. The market expectation was that the stocks would decrease by approximately 3.5 million barrels. Today, the official oil stock data of the US Energy Information Administration will be reported. Technically, in brent oil, the range of $ 50.72 and $ 50.74 can be followed as resistance, and the range of $ 50.60 and $ 50.58 can be followed as a support zone.