According to the monthly oil market report published by OPEC, daily oil production decreased by 1,890 million barrels in June to 22,270 million barrels.
In non-OPEC countries, daily oil production decreased by 1,06 million barrels.
Saudi Arabia, Iraq and Venezuela contributed most to the decline in oil production within OPEC. On the other hand, global oil supply in June decreased by 2,950 million daily, balancing the decrease in demand.
Accompanied by these developments, Crude Oil retreated to 39.18. In the continuation of the retreat, 39.00 and 38.50 can be watched as support. In upward transactions, 39.90 and 40.50 may form resistance. Let us remind you that API crude oil stocks will be announced at 23:30 tonight.
Source Icon Securities
Hibya News Agency