Oil Prices Edge Higher

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Brent crude oil futures are trading at $67.50 per barrel.

On Wednesday, the benchmark Brent crude oil, extracted from the North Sea, is trading at around $67.50 per barrel, marking a 0.1% increase in price.

Russian Urals crude oil, which includes heavy sour oil from the Urals-Volga region and light Siberian Light oil from Western Siberia, is trading (futures contracts) at $54 per barrel.

The price difference between Brent and Urals crude stands at $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 SPIMEx (Urals, Russia) and SGX (Asia).

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

This overview was presented by Yulia Grishchenko, a member of the listing advisory board of the Moscow Exchange, Ph.D. in Economics, and 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.