Global Oil Market Volatile Amid Supply Disruptions and Economic Uncertainty

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Oil futures are trading at $64 per barrel.

On Wednesday, the benchmark North Sea crude oil grade, BRENT, was trading at $64.09 per barrel, marking a 1% increase in value.

Russian export-grade URALS crude, which combines heavy sulfurous oil from the Urals-Volga region and light West Siberian SIBERIAN LIGHT oil, is trading (futures contracts) at $55.33 per barrel.

The price discount between BRENT and URALS grades is around $8-15 per barrel.

Major trading platforms for oil include international commodity exchanges such as NYMEX (WTI, USA) and ICE (Brent, Europe), as well as regional exchanges like SPIMES (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, forming a global pricing landscape.

This overview was presented by Yulia Grishchenko, member of the listing expert council of the Moscow Exchange, Ph.D. in Economics, and head of the Financial and Investment Management Department at the "Higher School of Management" Faculty of the Financial University under the Government of the Russian Federation.