Oil Trades at $65 per Barrel

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Brent crude oil is trading at around $65 per barrel.

On Thursday, the Brent crude oil benchmark, extracted from the North Sea, was trading near $65.20 per barrel, marking a 0.4% decline in value.

Since 2007, the Brent benchmark has been a blend of several oil grades produced from offshore fields including Brent, Forties, Oseberg, and Ekofisk, located between the coasts of Norway and the UK.

The price difference between Brent and Urals crude typically ranges from $8 to $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 SPIMEx (Urals, Russia) and SGX (Asia).

Trading takes place through futures and spot contracts tied to benchmark crude grades: American WTI, European Brent, and Asian Dubai/Oman, which together form the global oil pricing landscape.

This overview was presented by Yulia Grishchenko, a member of the Expert Council on Listing at the Moscow Exchange, Ph.D. in Economics, and Head of the Department of Financial and Investment Management at the Higher School of Management, Financial University under the Government of the Russian Federation.