Oil trades at $63 per barrel

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Oil is trading at $63 per barrel.

On Monday, the price of BRENT crude oil, the North Sea benchmark grade, stands at $63.34 per barrel, with a daily decline in the cost of black gold reaching 0.1%.

Russian export oil URALS, which is a blend of heavy high-sulfur oil from the Urals-Volga region and light West Siberian oil SIBERIAN LIGHT, is valued at $51.21 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 oil grades: American WTI, European Brent, and Asian Dubai/Oman, which form the global pricing space.

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.