Petroleum at 65 dollars – Cyprus Newspaper
Brent oil’s barrel is traded for $ 65.04 in international markets on the first working day of the week.
The barrel price of Brent oil rising up to $ 65,54 on Friday completed the day at $ 65.41. The barrel price of Brent oil decreased by about 0.56 percent to 65.04 dollars compared to the closing as of 09.00 today. At the same time, the Western Texas species (WTI) found buyers at $ 61.63 barrel of crude oil.
In the change of prices, the flow of news that the Uncertainties in the US central bank’s monetary policy strategies, Russia-Ukraine peace negotiations and global oil supply will increase.
Although the tariff voltage between the US and China has subsided for a while, US President Donald Trump’s question marks on the results of the economic and trade policies implemented within the scope of the “American” policy.
On the other hand, the International Energy Agency (IEA) suppressed prices for increased global oil supply for this year.
According to IEA’s Oil Market Report, global oil supply increased by about 160 thousand barrels per day in April compared to the previous month and rose to 104 million 460 thousand barrels.
Brent oil technically 67.08 dollars, resistance, 60.10 dollars can be monitored as a support zone.
