Yesterday, the Barrel Prize for Brent oil was completed at up to $ 67.30, which completed the day at a level of $ 67.25.
Brent oil price of the barrel, today at 09.28, by 0.3 percent fell by $ 67.04. At the same time, the crude oil of the West Texas for 63.39 US dollars was traded.
With a limited decline in oil prices, the careful discourses of the President of the US Federal Reserve (FED), Jerome Powell, were effective about the US inflation and the monetary relaxation process.
Fed President Powell, yesterday in his speech in the Chamber of Commerce in the provision of Rhode Iceland, the United States, said that the effects of the reasonable basic scenario would be relatively short and that they would carefully evaluate and manage a higher and more permanent risk of inflation.
On the other hand, the decline in US raw oil stocks, the increase in the geopolitical risk and the relief of excess concerns limit the downward movement of the prices.
The US Institute of Petroleum Institute, which announced the foresight of the official data on commercial crude oil stocks in the United States, said that the US shares decreased by 3 million 821,000 barrels compared to last week. The market expectation was that the shares would decrease by 3 million 420 thousand barrels. The decline in shares more than expected shows that demand in the United States is reinforced, which limits the decline in oil prices.
The US energy information management will announce official stock data during the day.
Increased geopolitical risks was another element that supports prices by increasing the offer in the markets. US President Donald Trump, Ukrainian President Volimir Zelenskiy in his press, the NATO member states, said the Russian planes that enter airspace, he said.
“NATO countries, Russian planes in airspace?” “Yes, I think.” he replied. In his meeting with French President Emmanuel Macron, Trump said that he wanted Ukraine to take back his territory.
These explanations support prices in the markets by increasing the risk of new sanctions and offer concerns.
Technically speaking, brent oil is 68.74 dollars, resistance, $ 65.31 can be monitored as a retaining zone.
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