Brent oil is $44.45 a barrel

The barrel price of Brent oil, which dropped to $43.34 yesterday, finished the day at $44.34. The barrel of Brent oil was traded at $44.45 as of 09.24 today, with an increase of 0.24 percent compared to the closing. At the same time, West Texas Intermediate (WTI) crude oil was sold at $41.73 per barrel.

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

Additionally, sharp declines in US crude oil stocks support the downward movement in prices.

It is stated that technically, the range between 44.50 and 44.55 dollars in Brent oil can be watched as resistance, and the range between 44.35 and 44.30 dollars can be viewed as a support zone.

Source: https://www.aa.com.tr/tr/ekonomi/brent-petrolun-varili-44-45-dolar/1931977

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