Oil futures are trading at $64 per barrel.

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Oil is trading at $64 per barrel.

On Tuesday, the benchmark North Sea crude oil grade BRENT is trading at $64.04 per barrel, with a price increase of about 0.5%.

The Russian export oil blend URALS, which includes heavy sulfurous oil from the Urals-Volga region and light Western Siberian oil of the SIBERIAN LIGHT grade, is trading near $54.74 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.

This overview was presented by Yulia Grishchenko, member of the listing expert council 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.