10,173.42 TRY BIST 100 BIST 100
34.80 EUR EUR EUR
32.25 USD USD USD
4.50 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.60 TRY Interest Interest
82.97 USD Fossil Oil Fossil Oil
28.55 USD Fossil Oil Fossil Oil
28.48 USD Silver Silver
5.01 USD Copper Copper
114.53 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,447.52 TRY Gold (gr) Gold (gr)

Oil hovers at critical threshold again

The USA crude oil which exceeded $ 100 with a rapid rise on the first trading day of the week continues its course above this level. It is seen that supply-side concerns dominate the oil market again.

Oil hovers at critical threshold again

Oil maintains its rapid premiums recorded on the first trading day of the week.

The USA crude oil which recorded the fastest daily rise since May with an increase of 5 percent on the first trading day of the week maintains its course above $ 100.

Brent oil is above $106.

It is seen that especially the supply concerns are effective in the market. Saudi Arabia's lack of a clear commitment to Biden in oil production and the interruptions in oil flow from Canada to the USA are among the main factors affecting pricing.

Saudi Arabia's Crown Prince Mohammed bin Salman stated that his country has decided to increase oil production to 13 million barrels per day, as previously announced, and that they will not have additional capacities other than that.

The Crown Prince did not share a timetable regarding Saudi Arabia's plan to increase oil production by more than 1 million barrels to 13 million barrels per day.

Except for Saudi Arabia, the Organization of Petroleum Exporting Countries (OPEC) and the OPEC+ group, which consists of some non-OPEC producer countries such as Russia, did not make a statement to increase oil production.

On the other hand, the increase in Kovid-19 cases in China, the world's second largest oil consumer, and new restrictions and rising recession concerns are putting downward pressure on prices.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Number of wage employees increased annually in March

Wednesday, May 15, 2024

Ministry Şimşek's assessment of the current account deficit!

Monday, May 13, 2024

Koç Metalurji announced the results of its public offering!

Monday, May 13, 2024

Turkish Emissions Trading System will enable exporters to be more competitive in the EU market

Tuesday, May 14, 2024

Positive atmosphere between Türkiye and Greece is expected to boost trade relations

Sunday, May 12, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now