The barrel price of Brent oil, which rose to $ 113.91 on Friday, completed the day at $ 112.67. The barrel price of Brent oil was 109.92 dollars, decreasing by 2.44 percent compared to the closing date as of 09:22 today. In the same minutes, a barrel of West Texas type crude oil found buyers at 106.44 dollars.
The decline in prices was due to the negotiation steps in the Russia-Ukraine war and the concerns caused by the increasing number of Kovid-19 cases in China, the world's largest crude oil importer and second largest consumer.
According to the statement made by the National Health Commission of China, the number of daily cases in mainland China reached the highest level since February 16, 2020.
On the other hand, the third round of negotiations for the ceasefire between Russia and Ukraine is expected to take place today.
Experts state that the developments regarding the Russia-Ukraine war continue to be decisive on the direction of the markets, and that the news flow regarding today's negotiations will have an impact on prices.
It is stated that technically, the range of 110.81 to 112.05 dollars in Brent oil can be followed as resistance and the range of 109.57 to 108.33 dollars as a support zone.
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