On the Situation in the Global Oil Market

© ООО Региональные новости

Oil futures are trading at $65 per barrel.

The benchmark crude oil from the North Sea, BRENT, is trading on Wednesday at around $64.60 per barrel, with a price drop of 0.5%.

Russian export-grade oil URALS, which includes heavy sulfurous oil from the Urals-Volga region and light Western Siberian oil of the SIBERIAN LIGHT grade, is trading (futures contracts) at $54.59 per barrel.

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

This 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.