Urals Oil

Urals Oil increased 12.40 USD/Bbl or 16.15% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Urals Oil reached an all time high of 117.65 in February of 2013. Urals oil is the reference oil brand used as the price benchmark for Russian oil exports. It is a blend of the heavy and sour oil from the Urals and Volga regions with the lighter oil from Western Siberia. It is transported to Europe through the Druzhba pipeline and to Baku through the Novorossiysk pipeline, while main seaborne importers are China and India since 2022. Futures contracts of 1,000 barrels are traded in the St. Petersburg International Mercantile Exchange (SPIMEX). Pricing is also commonly seen as a discount to Brent crude oil. The Urals oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page includes a chart with historical data for Urals Crude.

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