Brent oil price per barrel is $79.03

The barrel price of Brent oil, which rose to $ 79.28 yesterday, completed the day at $ 78.98. The barrel of Brent oil was traded at $ 79.03, an increase of 0.06 percent compared to the closing, as of 09.30 today. At the same time, West Texas Intermediate (WTI) crude oil found buyers at $76.12 a barrel.
The markets, which focus on the decision to come out of the meeting of the OPEC+ group, which consists of OPEC and non-OPEC producer countries, to be held today, cause a limited increase in prices. It is estimated that the group will continue its planned production increase of 400 thousand barrels per day since August in February. The ongoing contraction in Libya's oil supply also supports prices upwards. Due to the maintenance work that started on an oil line in the country as of Sunday, it was announced that there would be a cut of 200,000 barrels per day in oil production for a week.

Despite the rapid increase in the number of cases in the Omicron variant and its possible effects on international travel, economies such as Australia are not on the agenda of the full shutdown. While the number of cases was recorded, the total number of cases exceeded half a million. It is stated that technically, the range of 79.37 to 79.52 dollars in Brent oil can be followed as resistance and the range of 79.04 to 78.89 dollars as a support zone.