The military-political crisis that broke out in Russia last weekend turned the eyes of investors to the price of oil. The Russian-Ukrainian war, which began in March 2022, brent oil It caused the price to rise as high as $130. Increasing energy prices, especially when combined with the rising exchange rate in our country, led to great hikes in fuel oil.
Wagner Negative expectations in the energy market as a result of the economic crisis weakened with the first day of the week. The leader of the armed movement, Yevgeny Prigojin, ordered Moscow to withdraw to the bases two days after the decision to march. As a result of the short-term agreement, Prigojin traveled to Belarus, according to sources.
Oil Started the Week Calmly
After the decrease in tension in Russia, the markets started the week flat. The fact that the price of Brent oil did not change gave water to the hearts of the production and transportation sector. Brent oil is currently trading at $74.23.
Will there be a raise in fuel?
Gasoline And diesel Although the horizontal course of brent oil, which is indirectly related to the price of oil, makes the international segments happy, a different situation prevails in our country. Exchange rates, which have gained an average of 30% since the election date, are putting pressure on fuel. Record-breaking first day of the week USD/TL The parity is at 25.80 as of now.
If the Turkish Lira continues to depreciate, it seems likely that new hikes in gasoline and diesel will come.
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