The barrel price of Brent oil, which rose to $ 82.50 yesterday, completed the day at $ 81.95. The barrel of Brent oil was traded at $ 82.95, an increase of 1.22 percent compared to the closing as of 10.03 today. At the same time, West Texas Intermediate (WTI) crude oil found buyers at $79.36 a barrel.
Uncertainty about whether the USA will sell oil to the market from its strategic oil reserves, and signs of a shift from natural gas to oil in industry and electricity production were effective in the rise in prices. Oil prices, which fell by some amount, rose again after the news that the US Department of Energy did not have such a plan "for now".
Signs that some industrial establishments and power generation companies prefer oil as fuel due to rising natural gas prices also supported the rise in prices. On the other hand, despite the increasing energy prices, the Organization of Petroleum Exporting Countries (OPEC) and the OPEC+ group, which consists of some non-OPEC producer countries, held a meeting on Monday, within the scope of the previously determined production regulation plan, to maintain its decision to increase production by 400 thousand barrels per day for November and to increase production. It is stated that technically, the range of 83.20 to 83.49 dollars in Brent oil can be followed as resistance and the range of 82.91 to 82.62 dollars as a support zone.
Comments
No comment yet.