Brent oil is 43.76 dollars a barrel

The barrel price of Brent oil, which rose to $44.46 yesterday, finished the day at $44.15. As of 09:00 today, the barrel of Brent oil was traded at $43.76, with a decrease of 0.88 percent compared to the closing time. At the same time, West Texas Intermediate (WTI) crude oil was sold at $40.67 per barrel.

The increase in the number of new types of coronavirus (Covid-19) cases around the world negatively affects global economic growth and oil demand expectations and continues to put pressure on crude oil prices.

According to Johns Hopkins University data, the number of Covid-19 cases worldwide exceeded 18 million, while the death toll approached 700 thousand. While the USA ranks first with the number of cases exceeding 4.7 million, Brazil is second with approximately 2.7 million cases and India is third with 1.8 million cases.

It is stated that technically, for Brent oil, the range between 43.83 and 43.94 dollars can be viewed as resistance, and the range between 43.72 and 43.61 dollars can be viewed as support zone.

Source: https://www.aa.com.tr/tr/ekonomi/brent-petrolun-varili-43-76-dolar/1930635

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