9,612.84 TRY BIST 100 BIST 100
37.83 USD USD USD
5.24 CNY CNY CNY
40.78 EUR EUR EUR
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)

China effect on oil

Oil decreased due to concerns that growth in China could slow down and jeopardize consumption.

China effect on oil

The end of the Third Plenum in China this week brought few signs that the top leadership is preparing to take major steps to boost demand or halt the slump in the country's property market.

OPEC+ delegates expect no change in supply growth plans from the fourth quarter. The group, led by Saudi Arabia and Russia, agreed last month to start reviving about 2.2 million barrels a day of production, which was halted from October.

Crude oil is still high this year, supported by OPEC+'s supply restraint, a recent drop in US inventories and expectations that the Fed will cut interest rates.

It is stated that technically, the range of 85.88 to 86.64 dollars can be followed as resistance and the range of 83.46 to 82.70 dollars as support zone in Brent oil.

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