The barrel price of Brent oil, which rose to $ 76.74 on Friday, completed the day at $ 76.61. The barrel price of Brent oil became 75.72 dollars, with a decrease of 1.08 percent compared to the closing date, as of 09:00 today. At the same time, West Texas Intermediate (WTI) crude oil found buyers at $71.20 a barrel.
Weak economic data from the USA and China were effective in the decline in prices.
Global markets ended the week positively after the interest rate decisions of major central banks.
While economic growth has slowed in the US in recent months due to high inflation and interest rates, negative economic data from China, the world’s largest importer of crude oil, also increased the concerns that demand will weaken.
On the other hand, Russian oil company Rosneft reported that oil shipment payments with the Chinese company CNPC were switched to yuan and rubles.
According to the weekly data released by the oil field services company Baker Hughes, the number of oil rigs in the country decreased by 4 compared to the previous week to 552 in the week of June 10-16.
It is stated that technically, the range of $ 75.82 to $ 76.33 in Brent oil can be followed as resistance, and the range of $ 75.51 to $ 75.05 as support.