Brent oil price, which has been moving up and down in the light of global developments in recent days, is calm today. The supply-side news that resonated in the previous week caused the precious commodity to surge above the $80 level. Then, the weak economic data from China extinguished the brentina fever a little bit.
Brent Petroleum is looking forward to the stock data coming from the USA today. Critical data, which emerged as 3.02 million last week, can have a significant impact on the price. Experts expect inventories to drop to 2.3 million barrels, according to a Reuters poll.
Brent Oil Price
Brent, which started flat on Tuesday morning, is experiencing one of the least active days after months. Brent, which has gained only 0.02% since the beginning of the session, is currently trading at $78.29.
The precious commodity is trying to turn the resistance level, which it could not exceed 2 times before, to a support. If the oil price holds at this level, it can move back above $80 or even up to $86 resistance.
The International Energy Agency, which shared a report last week, expects the demand for black gold to increase.
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.