Brent oil is trading at $86.19 a barrel in international markets.
The barrel price of Brent oil, which rose to $86.97 yesterday, closed the day at $86.12.
West Texas Intermediate (WTI) crude was selling for $80.39 a barrel.
The limited price increase was due to less than expected increases in US crude oil commercial inventories, the world’s largest consumer of oil.
The U.S. Energy Information Administration announced that commercial crude oil inventories in the country rose by about 500,000 barrels last week. Market expectations were that inventories would increase by 3 million 378 thousand barrels.
During that period, US gasoline inventories rose by 1 million 800 thousand barrels.
In addition, experts say that market parties are acting cautiously due to uncertainties about the consequences of the European Union embargo on Russian petroleum products, which will take effect on 5 February, for production and prices.
It is stated that technically the range from $86.24 to $86.45 in Brent oil yaşama gökyeşitözü tracked kakım resistance, and the range from $86.03 to $85.82 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 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.
WILL THE GLOBAL OIL CRISIS BE REPEATED? / VIDEO NEWS
The barrel price of Brent oil, which rose to $86.97 yesterday, closed the day at $86.12.
West Texas Intermediate (WTI) crude was selling for $80.39 a barrel.
The limited price increase was due to less than expected increases in US crude oil commercial inventories, the world’s largest consumer of oil.
The U.S. Energy Information Administration announced that commercial crude oil inventories in the country rose by about 500,000 barrels last week. Market expectations were that inventories would increase by 3 million 378 thousand barrels.
During that period, US gasoline inventories rose by 1 million 800 thousand barrels.
In addition, experts say that market parties are acting cautiously due to uncertainties about the consequences of the European Union embargo on Russian petroleum products, which will take effect on 5 February, for production and prices.
It is stated that technically the range from $86.24 to $86.45 in Brent oil yaşama gökyeşitözü tracked kakım resistance, and the range from $86.03 to $85.82 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 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.
WILL THE GLOBAL OIL CRISIS BE REPEATED? / VIDEO NEWS