Brent oil price per barrel is $79.41

The barrel price of Brent oil, which rose to $ 79.66 yesterday, completed the day at $ 79.53. The barrel of Brent oil was traded at $ 79.41, with a decrease of 0.15 percent compared to the close as of 09:55 today. At the same time, West Texas Intermediate (WTI) crude oil found buyers at $76.86 a barrel.

The uncertainty created by the effects of the Omicron variant of Kovid-19 on the economic recovery and global oil demand was effective in the partial decline in oil prices. Despite the studies that the Omicron variant is easily circumvented and will not burden the health system, the record high number of cases brings along the concern that it may adversely affect the global economic recovery. .Concerns that restrictions may increase after the number of cases that hit record levels in many countries in the Kovid-19 outbreak are also increasing day by day. Despite the partial decrease on the last trading day of the year, oil prices are still on track to record the biggest annual increase since 2009, with an annual increase of over 50 percent. On the other hand, the markets focused on the meeting of the Organization of Petroleum Exporting Countries (OPEC) and the OPEC+ group, which consists of non-OPEC producer countries, to be held on 4 January. At the meeting, it will be decided whether the group will continue with its planned production increase of 400 thousand barrels per day in February.