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Brent was trading at $ 74.09 a barrel
The Brent crude oil price on Wednesday, July 25, 2018, topped $ 74 a barrel. This is evidenced by the data on stock market transactions on the RBC website.
Thus, at 12:17 in Kiev, the price of Brent oil was 74.09 dollars per barrel. This is 0.20% higher than the closing level of previous transactions.
Note that oil prices for standard brands increase based on news of US inventory cuts in the United States last week. In addition, the market supported China's plans to increase government spending, which would increase oil demand, as well as concerns over US sanctions against Iran and other disruptions. Recall that, as previously reported by RBC-Ukraine, Japanese oil companies are preparing for a complete suspension of oil imports from Iran . It is expected that Iranian oil deliveries will cease completely until October 2018.
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