How much was the price of Brent oil? (February 3, 2023 oil prices) – Last Minute Economy News

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Brent oil How many dollars?

Brent oil is trading at $82.12 a barrel in international markets.

The barrel price of Brent crude, which rose to $83.61 yesterday, ended the day at $82.17. The barrel price of Brent oil fell 0.06 percent from today’s closing date at 9:42 a.m. to $82.12. In the same minutes, West Texas (WTI) type crude found buyers at $75.77 a barrel.

Part of the price decline was due to weak demand prospects amid ongoing recession concerns.

While uncertainties surrounding the monetary policies of major central banks around the world have eased, ongoing recession concerns are forcing investors to exercise caution.

US Federal Reserve Chairman Jerome Powell softened the hawkish tone in his statements, hayvanların stated at the last meeting that they may need a few more rate hikes kakım the labor market is still tight.

Mixed signals about the economic and demand-driven recovery in China, the world’s largest oil importer, are also creating uncertainty and depressing prices.

On the other hand, EU embargo on Russian refined petroleum products to take effect on February 5 cause supply problems, limiting downward price movements.

EU countries are also considering applying a price cap of $100 per barrel of diesel and $45 per barrel of liquid fuel, one of the refinery’s Russian petroleum products.

It is stated that technically the range from $82.21 to $82.40 in Brent oil yaşama gökyeşitözü tracked kakım resistance and the range from $82.02 to $81.83 kakım support zone.

WHAT IS BRENT GASOLINE?

It is oil that drives the world oil market. Also known kakım London Brent or Brent Blend. Dubbed “Brent Goose” by the issuing company Shell, it contains 0.37% sulfur, putting Brent Petroleum in the “sweet oil” class, which is easier to process.

It is easier for refineries processing crude oil to produce gasoline or diesel from low-sulphur i.açınık. sweet oil. Oil extracted from this region is sweet and light. Therefore, it is easy to refine and therefore suitable for the production of gasoline and diesel fuel. It also facilitates shipping directly to remote areas by sea kakım it is shipped from the sea.

The price of oil depends on where it comes from and from which region it is extracted. There is more demand for the cheaper and faster production. There is also a difference between the price of oil extracted from the sea and oil extracted from land.



Crudes accepted kakım benchmarks are WTI (Western Texas Intermediate), Brent and Oman, WTI is traded on NYMEX, Brent is traded on ICE and Oman is traded on DME. WTI is the name given to oil from Central America, Brent oil from the North Sea and Oman oil from the Middle East.



BRENT OIL 10-YEAR CHART

HOW MANY LITERS OF BRENT OIL IS A BARREL?

According to the veri on the website of the CMB; A barrel of oil is equal to 42 gallons of crude oil (159 liters).

One barrel of crude oil yaşama produce 19.6 liters of gasoline, 10 liters of diesel fuel and heating fuel, 4 liters of jet fuel, 1.7 liters of heavy fuel oil, 1.7 liters of LPG and 7.6 liters of other derivatives.

Not all crude oils are created equal.

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