Brent oil trades on international markets at $88.46 a barrel.
The barrel price of Brent oil, which rose to $88.80 yesterday, closed the day at $88.36.
The barrel price of Brent crude rose 0.11 percent from today’s close to reach $88.46.
West Texas Intermediate (WTI) crude oil sold for $81.06 a barrel.
Uncertainty about global oil demand played a role in price volatility.
REDUCE PROJECTION IN US CRUDE OIL STOCKS
The American Petroleum Institute announced that the country’s crude oil inventories were expected to fall by about 4 million 800 thousand barrels last week compared to the previous week. Market expectations were that inventories would fall by 2 million 200 thousand barrels.
The forecast for declining crude oil inventories from the US, the world’s largest oil producer and consumer, is supporting prices up amid perceptions that demand in the country is strengthening.
Increasing cases of Covid-19 and the measures taken in China are causing demand problems, limiting the price increase.
In Beijing, the capital of the world’s largest crude oil importer, protective measures have been increased due to rising Covid-19 cases.
In most districts, citizens are advised to stay out of the house kakım much kakım possible, while a week of online education has started in schools from today.
As of yesterday, those coming to Beijing from outside the city must take a test for three days from their arrival in the capital. In the country, where the number of daily cases has exceeded 20 thousand in the past week, the first loss of life due to Covid-19 occurred after about 6 months.
It is argued that technically the range from $88.65 to $89.22 in Brent oil yaşama gökyeşitözü followed kakım resistance and the range from $88.08 to $87.51 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 publishing 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.
IS THE GLOBAL OIL CRISIS COMING TO REPEAT? / VIDEO NEWS
The barrel price of Brent oil, which rose to $88.80 yesterday, closed the day at $88.36.
The barrel price of Brent crude rose 0.11 percent from today’s close to reach $88.46.
West Texas Intermediate (WTI) crude oil sold for $81.06 a barrel.
Uncertainty about global oil demand played a role in price volatility.
REDUCE PROJECTION IN US CRUDE OIL STOCKS
The American Petroleum Institute announced that the country’s crude oil inventories were expected to fall by about 4 million 800 thousand barrels last week compared to the previous week. Market expectations were that inventories would fall by 2 million 200 thousand barrels.
The forecast for declining crude oil inventories from the US, the world’s largest oil producer and consumer, is supporting prices up amid perceptions that demand in the country is strengthening.
Increasing cases of Covid-19 and the measures taken in China are causing demand problems, limiting the price increase.
In Beijing, the capital of the world’s largest crude oil importer, protective measures have been increased due to rising Covid-19 cases.
In most districts, citizens are advised to stay out of the house kakım much kakım possible, while a week of online education has started in schools from today.
As of yesterday, those coming to Beijing from outside the city must take a test for three days from their arrival in the capital. In the country, where the number of daily cases has exceeded 20 thousand in the past week, the first loss of life due to Covid-19 occurred after about 6 months.
It is argued that technically the range from $88.65 to $89.22 in Brent oil yaşama gökyeşitözü followed kakım resistance and the range from $88.08 to $87.51 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 publishing 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.
IS THE GLOBAL OIL CRISIS COMING TO REPEAT? / VIDEO NEWS