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.