How much was Brent oil price?

How much is Brent oil in dollars? What was the last price of Brent oil? The latest situation in oil prices in the international market.

How much is Brent oil  in dollars? 

Brent oil is traded at $81.24 a barrel in international markets.

The barrel price of Brent oil, which rose to $ 82.88 yesterday, completed the day at $ 80.60. The barrel price of Brent oil increased by 0.8 percent compared to the closing date, to $81.24. West Texas Intermediate (WTI) crude oil was sold at $77.77 a barrel.

The rise in prices was due to the perception that the demand in the world's largest oil consumer was high, as the US's forecast of a decline in crude oil stocks.

The American Petroleum Institute announced that the country's crude oil stocks were forecast to decrease by 6 million 83 thousand barrels last week compared to the previous week. The market expectation was that there would be a decrease of 1 million 667 thousand barrels.

Official stock data from the U.S. Energy Information Administration will be released today.

Concerns about the ongoing economic slowdown and expectations of further rate hikes that could dampen fuel demand growth continue to weigh on prices.

In the USA, the Conference Board Consumer Confidence Index decreased by 2.7 points on a monthly basis to 101.3 in April, the lowest level in 9 months. The aforementioned data supported the expectations of economic recession and negative demand outlook, giving rise to concerns of a sharper-than-expected slowdown in consumer confidence.

On the other hand, expectations that central banks will increase interest rates in the UK and Europe, along with the USA, continue to put downward pressure on prices.

It is stated that technically, the range of 81.34 to 81.44 dollars in Brent oil can be followed as a resistance and the range of 81.05 to 80.86 dollars as a support zone.

WHAT IS BRENT PETROL?

It is easier for refineries that process crude oil to produce gasoline or diesel fuel from low-sulphur, that is, 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 as it is shipped off the sea.

For the price of oil, it is important where it comes from and from which region it is extracted. The cheaper and faster production is more demanded. There is also a difference between the price of oil extracted from the sea and oil extracted from land.

HOW MANY LITERS  OF BRENT OIL IS A BARREL?

19.6 gallons of gasoline, 10 gallons of diesel fuel and heater fuel, 4 gallons of jet fuel, 1.7 gallons of heavy fuel oil, 1.7 gallons of LPG and 7.6 gallons of other derivatives can be produced from a barrel of crude oil.

Not all crude oils are equivalent.