9,612.84 TRY BIST 100 BIST 100
5.24 CNY CNY CNY
40.78 EUR EUR EUR
37.83 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
45.53 TRY Interest Interest
73.74 USD Fossil Oil Fossil Oil
34.28 USD Silver Silver
5.09 USD Copper Copper
103.77 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,761.14 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

Canadian Prime Minister Carney: “Our old relationship with the US is over”

Friday, March 28, 2025

Turkish and Italian business world to meet in Rome

Thursday, March 27, 2025

Nihat Uyar, the doyen of the iron and steel industry, passed away

Wednesday, March 26, 2025

Mucteba Bekcan, one of the leading names of the steel industry, passed away

Tuesday, March 25, 2025

Airstrikes in Yemen burden the iron and steel market

Tuesday, March 18, 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