A barrel of Brent oil is traded at $62.12 in international markets.
The barrel price of Brent oil, which rose to $63.79 yesterday, completed the day at $62.33.
The barrel price of Brent oil decreased by 0.3 percent to $62.12 as of 09.21 today compared to the closing time. At the same time, West Texas Intermediate (WTI) crude oil was sold at $58.46 per barrel.
In addition, the interest rate decision of the US Federal Reserve (Fed) to be announced tomorrow is also in the focus of the markets.
While pricing in the money markets predicts an 87 percent probability that the Fed will cut interest rates at its meeting tomorrow, it is estimated that monetary easing steps may be limited next year due to continuing inflation concerns and the strong outlook for the US economy.
Although low interest rates are seen as a factor that can support economic activity and therefore oil demand by reducing borrowing costs, some experts state that this effect may remain limited for now.
On the other hand, the “December 2025 Short-Term Energy Outlook Report” to be published by the US Energy Information Administration (EIA) during the day is also closely followed by market players.
Technically, Brent oil is watched as $65.20 resistance and $56 support zone.
Automobile Magazine – English
