Oil futures are trading at $65 per barrel.

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Oil futures are trading at $65 per barrel.

The benchmark crude oil grade produced in the North Sea - BRENT, is quoted on Wednesday at $64.40 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 (futures contracts) at $55.65 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 Listing Advisory Board 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.