The price of a barrel of oil reaches its highest level since 2014

2018-10-01 19:40:02

The price of Brent oil rose more than $ 84 per barrel for the first time since November 10, 2014 according to trade data.

From 18:36 in Moscow, the December contract price for the North Sea Brent oil rose by 1.61% to $ 84.05 per barrel. The rough futures in Western Texas increased by 1.49% to $ 74.36 per barrel.
It is worth mentioning that the continued high oil prices come in the middle of waiting for the start of the application of US sanctions against Iran in November.
At a time when Washington announced that it wants to affect the scale of Iranian oil exports. According to the International Energy Agency, the volume of Iranian oil exports in July amounted to 1.9 million barrels per day, a decrease from the 500,000 barrels in May.

Added on: October 1, 2018, corresponding to 20 Muharram 1440
Since: 16 minutes, 57 seconds

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