9,321.64 TRY BIST 100 BIST 100
38.18 USD USD USD
5.27 CNY CNY CNY
44.06 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
45.84 TRY Interest Interest
66.96 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
99.35 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,286.58 TRY Gold (gr) Gold (gr)

Brent oil at $80 level

OPEC and OOPEC+ group announced yesterday that they will continue their plan to increase production gradually. Then the price of Brent oil per barrel increased.

Brent oil at $80 level

After the OPEC+ group, which consists of OPEC and some non-OPEC producer countries, announced that it will continue its plan to gradually increase production yesterday, a barrel of Brent oil is trading at the level of $ 80 in international markets.

The barrel price of Brent oil, which rose to $ 80.55 yesterday, completed the day at $ 80. The barrel of Brent oil was traded at $ 80.34, with an increase of 0.4 percent compared to the closing, as of 15.25 today.

At the same time, West Texas Intermediate (WTI) crude oil found buyers at $77.28 a barrel.

DAILY OIL PRODUCTION WILL BE GRADUALLY INCREASED
At the 24th Ministerial Meeting of the OPEC+ group held yesterday, the announcement that daily oil production would continue to be increased gradually was effective in the rise in prices.

According to the decision, the group will continue its production increase policy of 400 thousand barrels, which it has continued since August, in February as well.

Predictions that the US, the world's largest oil consumer, will experience a more-than-expected decrease in oil stocks, also support prices upwards, with the perception that demand in the country continues its recovery trend despite the coronavirus epidemic.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China warns of retaliation: “We will retaliate against countries that harm our interests”

Monday, April 21, 2025

EU resumes free trade negotiations with Gulf states

Monday, April 21, 2025

Green hydrogen could play a role in closing Türkiye's current account deficit

Monday, April 21, 2025

Tariff exemption from Trump for technology products

Sunday, April 13, 2025

US and Iran nuclear talks described as constructive

Sunday, April 13, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now