BRENT

Oil prices are following a calm course despite the American Petroleum Institute's announcement of a decrease of approximately 6.7 million barrels in stocks. Many headlines such as the high tension in the Middle East, the re-activation of the important production field Sharara in Libya, and the disruption of shipments in the Red Sea are causing an indecisive course. PMI data and stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain at and above the 78.50 - 79.00 support in the upcoming process, the upward trend may be one step ahead. In possible increases, the 80.00 and 80.50 levels can be targeted. Therefore, it may be necessary to see the course below 78.50 and hourly closings for the continuation of the downward desire. In this case, the 78.00 and 77.50 levels may come to the agenda. Support: 79.00 Resistance: 80.50