How many dollars is Brent crude oil? What was the latest price of Brent crude oil? The latest status of gasoline prices in the international market…A barrel of Brent crude oil is trading at 74.64 dollars on the international markets. The price of a barrel of Brent crude oil, which started the day at 71.82 dollars yesterday, rose to 75.35 dollars during the day after Iran attacked Israel with dozens of ballistic missiles. With these developments, Brent crude oil ended the day at 74.27 dollars, gaining more than 3% of its value compared to the opening. The price of a barrel of Brent crude oil increased by 0.5% to 74.64 dollars as of 9:31 am compared to the closing time. At the same time, a barrel of West Texas Intermediate (WTI) crude oil found buyers at 70.74 dollars. The attack that Iran carried out on Israel was mentioned to be in response to the Israeli attacks that killed Hamas leader Ismail Haniyeh, Hezbollah leader Hasan Nasrallah, and Iranian general Abbas Nilfuraşan. ISRAEL: IRAN WILL PAY THE PRICE Israel warned that if it responds militarily to this attack, it will face a “destructive response.” Israeli Minister of Culture and Sport Miki Zohar made a statement regarding Iran’s missile attack on Israel on his social media account. Zohar, targeting the Iranian administration, expressed that Iranian leaders made a “wrong decision by attacking Israel with missiles and they will pay the price for this.” The escalation of tensions in the Middle East, where a large part of the global oil reserves are located, is feeding concerns about disruptions in global supply, fueling supply concerns among market participants and exerting an upward pressure on prices. HOW MUCH WILL THE FED CUT INTEREST RATES? Meanwhile, uncertainties about the size of the steps the Federal Reserve (Fed) will take in the future continue to support the rise in prices. The expectation of a 75 basis point cut by the Fed by the end of the year remains strong in pricing in money markets, while a 25 basis point rate cut in November is expected with a 60% probability. It is believed that these expectations will lead to a depreciation of the US dollar against other currencies, increasing the demand for oil. Technically, the resistance range for Brent crude oil is reported to be between 76.64 and 78.81 dollars, while the support range is between 71.11 and 67.75 dollars.