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Oil futures are trading at $60 per barrel.
The benchmark crude oil grade, BRENT, produced in the North Sea, is trading on Wednesday at $60.09 per barrel, with a price increase of 0.2%.
Russian export-grade crude 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 $50.24 per barrel.
The discount in price between these grades, BRENT and URALS, is $8-15 per barrel.
The main trading platforms for oil are international commodity exchanges such as NYMEX (WTI, USA) and ICE (Brent, Europe), as well as regional exchanges like SPbMICE (Urals, Russia) and SGX (Asia).
Trading is conducted through futures and spot contracts linked to benchmark crude grades: American WTI, European Brent, and Asian Dubai/Oman, which forms the global pricing space.
The overview was presented by Yulia Grishchenko, 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.
