How much was the price of Brent oil? (March 27, 2023 oil prices) – Last Minute Economy News

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Brent oil How many dollars?

Brent oil is traded on international markets at $75.47 a barrel.

The barrel price of Brent oil, which rose to $76.32 on Friday, closed the day at $74.59. The barrel price of Brent crude was $75.47, up 1.18 percent from today’s 10.05 close. In the same minutes, West Texas (WTI) type crude found buyers at $70.13 a barrel.

Increasing geopolitical risks in the markets caused concerns about global oil supplies and fed into price increases.

Russian President Vladimir Putin said in a statement to a television channel last weekend that they will place tactical nuclear weapons in Belarus: “We will gam so without violating our international obligations regarding the non-proliferation of nuclear weapons.” said.

NATO and the European Union said they considered Russia’s decision to place tactical nuclear weapons in Belarus “irresponsible”.

On the other hand, lingering concerns about the banking system and fears of a re-emerging recession have led to demand problems and continue to put downward pressure on prices.

Neel Kashkari, governor of the US Federal Reserve in Minneapolis, said this weekend that the banking crisis has increased the risk of a recession in the country.

It is argued that technically the range from $75.55 to $77.01 in Brent oil yaşama gökyeşitözü viewed kakım resistance, and the range from $74.81 to $74.53 kakım support.

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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