Brent Update

On Thursday, April 14, oil trading ended with growth. A barrel of Brent rose 2.44% to $111.40. On Friday, the oil market was closed on the occasion of the Good Friday holiday.

On Monday, April 18, at the auctions in Asia, oil is traded in positive territory. A barrel of Brent rose 1.60% to $113.20. The increase in prices was facilitated by the message that two Libyan ports stopped shipping oil due to the political crisis. Due to the actions of the protesters, 1 million barrels of oil could not be loaded into the tanker.

The price has reached resistance. Today buyers need to gain a foothold above $113.50. In this case, they will open the way to $119.