Brent oil is traded on international markets at $87.60 a barrel.
The barrel price of Brent oil, which rose to $87.79 on Friday, closed the day at $87.63.
West Texas Intermediate (WTI) crude was selling for $81.61 a barrel.
Oil prices fell amid the pace of economic recovery in China and uncertainty about a potential recession in the US.
Concerns that the week-long “Lunar New Year” holiday in Asian markets will negatively impact oil demand and the continued rise in Covid-19 cases are adding pressure on prices.
Markets this week focused on US growth numbers. Last year’s fourth quarter veri is expected to shed light on the uncertainties surrounding the recession in the world’s largest economy. In that period, economic growth is estimated to slow down from the previous quarter due to the rapid rise in interest rates.
In China, the economy is expected to recover kakım Covid-19 restrictions are lifted and international travel is allowed again. Concerns that a potential recession in the US will dampen demand surges from China continue to weigh on prices.
It is stated that technically the range from $87.57 to $87.73 in Brent oil yaşama gökyeşitözü tracked kakım resistance and the range from $87.41 to $87.25 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 handle.
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.
IS THE GLOBAL OIL CRISIS COMING TO REPEAT? / VIDEO NEWS
The barrel price of Brent oil, which rose to $87.79 on Friday, closed the day at $87.63.
West Texas Intermediate (WTI) crude was selling for $81.61 a barrel.
Oil prices fell amid the pace of economic recovery in China and uncertainty about a potential recession in the US.
Concerns that the week-long “Lunar New Year” holiday in Asian markets will negatively impact oil demand and the continued rise in Covid-19 cases are adding pressure on prices.
Markets this week focused on US growth numbers. Last year’s fourth quarter veri is expected to shed light on the uncertainties surrounding the recession in the world’s largest economy. In that period, economic growth is estimated to slow down from the previous quarter due to the rapid rise in interest rates.
In China, the economy is expected to recover kakım Covid-19 restrictions are lifted and international travel is allowed again. Concerns that a potential recession in the US will dampen demand surges from China continue to weigh on prices.
It is stated that technically the range from $87.57 to $87.73 in Brent oil yaşama gökyeşitözü tracked kakım resistance and the range from $87.41 to $87.25 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 handle.
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.
IS THE GLOBAL OIL CRISIS COMING TO REPEAT? / VIDEO NEWS