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Brent oil is $ 39.57 a barrel on 15 September 2020

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The barrel price of Brent oil, which declined to $ 39.51 14 September , completed the day at $ 39.61. Brent oil was traded at $ 39.57 a barrel today, a 0.1 percent decrease from closing as of 09.19.

Brent oil is traded at $ 39.57 in international markets.

The barrel price of Brent oil, which declined to $ 39.51 14 September, completed the day at $ 39.61. Brent oil was traded at $ 39.57 a barrel 15 September, a 0.1 percent decrease from closing as of 09.19. At the same time, a barrel of West Texas type (WTI) crude oil found buyers for $ 37.29.

As the coronavirus epidemic, which has adversely affected the world economy since January, continues to spread rapidly, demand concerns have been more effective in the decrease in prices.

In addition, the fact that Libya will start exports after Khalifa Haftar, the leader of the illegitimate armed forces in the east of Libya, lifted the blockade on the country’s oil ports and wells, increased concerns in the markets and reflected negatively on the prices.

On the other hand, in the Gulf of Mexico, where more than half of the US oil refineries are located, the production cuts caused by hurricane Sally also put pressure on prices, prompting expectations for a demand-based drop. Last month, hurricanes Marco and Laura occurred in the same area.

The pleasing developments in the vaccine studies for the coronavirus epidemic were also among the factors that supported the prices.

In Brent oil, technically, the 39.67 and 39.73 dollars range can be watched as the resistance, and the 39.53 and 39.45 dollars range can be watched as the support zone.

Brent oil is $ 41.54 a barrel on 17 September 2020

The barrel price of Brent oil, which declined to $ 40.63 on 16 September, completed the day at $ 42.22. Brent oil was traded at $ 41.54 a barrel today, down 1.61 percent from close at 09.19.

Brent oil is traded at $ 41.54 per barrel in international markets.

The barrel price of Brent oil, which declined to $ 40.63 on 16 September, completed the day at $ 42.22. Brent oil was traded at $ 41.54 a barrel today, down 1.61 percent from close at 09.19. At the same time, a barrel of West Texas type (WTI) crude oil found buyers at $ 39.47.

The fall in prices was driven by the losing effect of the hurricane that hit the Gulf of Mexico for the second time in less than a month, as energy companies began to return to their production at the offshore oil platforms they had previously stopped.

The second wave of the new type of coronavirus (Kovid-19) outbreak raises concerns that the demand for oil in the markets will not recover in a short time, causing the fall in prices to continue.

On the other hand, the decrease in crude oil stocks in the US, contrary to the market expectations, alleviates the downward pressure on prices to some extent. Crude oil stocks decreased by 4.4 million barrels last week compared to the previous week, according to data released yesterday by the US Energy Information Administration (EIA).

The Organization of Petroleum Exporting Countries (OPEC) meets today to discuss the OPEC + oil market, which consists of some non-OPEC countries. Experts note that the organization is unlikely to offer further cuts in production, despite the decline in oil prices.

According to Johns Hopkins University data, the number of Kovid-19 cases worldwide approached 30 million, while the loss of life exceeded 940 thousand. The USA ranks first with more than 6.6 million cases, India is second with more than 5 million cases and Brazil is third with about 4.4 million cases.

It is stated that in Brent oil, technically, the range of 41.82 and 42.02 dollars can be watched as resistance and 41.81 and 41.93 dollars as the support zone.

Hello, I have been working as an investment consultant and author for more than 20 years. I love what I do and I have enriched everyone around me. A lot of money is not important, the main thing is how you use the money.

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