How much was Brent oil price? (March 27, 2023 oil prices) – Last Minute Economy News
Brent petrol How many dollars?
Brent oil is trading at $75.47 a barrel in international markets.
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.
WHAT IS BRENT PETROL?
It is oil that drives the world oil market. Also known as London Brent or Brent Blend. Named „Brent Goose“ by the issuing company Shell, it contains 0.37% sulfur, which makes Brent Petroleum in the „sweet oil“ class, which is easier to process.
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.
10-YEAR GRAPH OF BRENT OILHOW MANY LITERS OF BRENT OIL IS A BARREL?
According to the data on the CMB’s website; One barrel of oil is equivalent to 42 gallons of crude oil (159 liters).
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.
IS THE GLOBAL OIL CRISIS REPEAT? / VIDEO NEWS
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The barrel price of Brent oil is currently at $75.47 in international markets, an increase of 1.18 percent compared to the previous closing date. The geopolitical risks and concerns about global oil supply have triggered the rise in prices, while ongoing concerns about the banking system and fear of recession continue to put downward pressure on prices. Brent petrol is a type of sweet and light oil, which is easier to process, and is commonly used to produce gasoline and diesel fuel. One barrel of Brent oil is equivalent to 159 liters or 42 gallons of crude oil, and different derivatives such as gasoline, diesel, jet fuel, LPG, and heavy fuel oil can be produced from it.
