Brent Oil barrel is traded for $ 68.95

Yesterday, the Barrel Prize for Brente Oil completed up to $ 69.52 at a level of USD 69.18.

The Barrel Prize for Brentöl, today at 9:10 a.m., was around 0.33 percent compared to closing $ 68.95. At the same time, the West Texas Art (WTI) found buyers for $ 66.77 crude oil.

In the drop in price, the decision was to increase the production of the Opec+ group, which consists of new developments in the US customs duties and the organization of the oil export stable (Opec) and some non -OPEC producer countries.

US President Donald Trump shared the customs letters with customs tasks for 14 countries from his social media account yesterday.

In his letters to Japan and South Korea, all products that were sent from these countries to the United States from these countries are used separately by sectoral tariffs.

In order to avoid high interest rates, Trump pointed out that the goods transferred via other countries will come across higher tariffs and that the tariff rate of 25 percent will increase in retaliation.

In the letters, Trump Said that the Taiff Rates to be Applied was 25 Percent for Malaysia, Kazakhstan and Tunisia, 30 Percent for South Africa and Bosnia and Herzegovina, 32 Percent for Indonesia, 35 Percent for Bangladesh and Serbia, 36 Percent for Cambodia and Thailand, and 40 Percent for Laos with laos.

Trump also signed the decree on the extension of the shift period of the tariff shift on July 9th.

Increasing concerns regarding the fact that heavier tariffs can be used after the expression of these developments lead to pressure on the global economy and thus oil demand, while they have a negative impact on oil prices.

On the other hand, 8 members of the Opec+ -GE, consisting of Saudi Arabia, Russia, Iraq, united Arabian Emirates, Kuwait, Kazakhstan, Algeria and Oman, compared to July, to increase oil production by 548,000 barrels a day.

The countries in question, which are gradually the daily deduction of 2.2 million barrel production, which they use voluntarily, were relieved in April, May, June and July for the production of 411,000 barrels for 138,000 barrels.

This situation, which increases the risk of an excess offer in the markets, also supports the price decline.

Technically speaking, Brente oil is 76.96 dollars, resistance, $ 63.07 can be monitored as support.