The barrel price of Brent oil, which rose to $ 76.32 on Friday, completed the day at $ 74.59. The barrel price of Brent oil was $75.47, an increase of 1.18 percent compared to the closing date as of 10.05 today. In the same minutes, West Texas type (WTI) crude oil found buyers at $70.13 a barrel.
The rising geopolitical risks in the markets triggered the concerns about the global oil supply were effective in the rise in prices.
Russian President Vladimir Putin, in a statement to a television channel at the weekend, stated that they will place tactical nuclear weapons in Belarus, “We will do this without violating our international obligations regarding the non-proliferation of nuclear weapons.” said.
NATO and the European Union said they found Russia’s decision to place tactical nuclear weapons in Belarus “irresponsible”.
On the other hand, the ongoing concerns about the banking system and the fear of recession that has come to the fore again have led to demand concerns and continue to put downward pressure on prices.
Neel Kashkari, Governor of the US Federal Reserve in Minneapolis, said over the weekend that the banking crisis has increased the risk of a recession in the country.
It is stated that technically, the range of $75.55 to $77.01 in Brent oil can be viewed as resistance, and the range of $74.81 to $74.53 as support.
