Wed, Nov 13, 2024

Brent Oil is $78,91 a Barrel

Brent Oil is $82.19 a Barrel

Brent oil, which closed the day at $82.45 yesterday, dropped by 4 percent to $78.91 this morning. 

In the minutes when the price of oil fell downwards, West Texas type crude oil started to be sold for 74.56 dollars per barrel. Prices continue to fall as demand decreases after electric cars have made a big breakthrough in the world. 

According to the data announced by the American Petroleum Institute, oil stocks increased by 9 million 47 thousand barrels. On the other hand, the market's expectation was that stocks would increase by a maximum of 1 million 467 thousand barrels. 

In addition, the suspension of the war between Hamas and Israel contributed to the decrease in prices. 

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