Oil trades at $65 per barrel

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Oil is trading at $65 per barrel.

The benchmark North Sea crude oil grade, BRENT, is quoted at the end of the trading week at $65.08 per barrel, with a price increase of 0.1%.

Russian export-grade oil, URALS, which includes heavy sulfurous oil produced in the Urals-Volga region and light Western Siberian oil of the SIBERIAN LIGHT grade, is trading around $58.40 per barrel.

The price difference between these oil grades has narrowed to a range of $4-7 per barrel.

The overview was presented by Yulia Grishchenko, a member of the Expert Council on Listing of the Moscow Exchange, Ph.D. in Economics, Head of the Department of Financial and Investment Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.