Oil prices edged higher for a second day on July 25 due to falling US crude inventories and concerns about Iran and Venezuela.

Global benchmark Brent crude was up 50 cents, or 0.7%, at $73.94 a barrel by 0805 GMT, after gaining 0.5% on July 25, according to Reuters. US light crude was 5 cents higher at $68.57, having risen nearly 1% in the previous session.

According to the American Petroleum Institute (API) data on July 24. US crude and fuel stockpiles fell more than expected last week. U...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now