"Brent Crude Hits $69.20 per Barrel in Thursday Trades"

14:37; 29 January 2026 year

The BRENT Crude Oil, extracted from North Sea fields, traded on Thursday at $69.20 per barrel, marking a 1.5% increase. Since 2007, the benchmark BRENT crude has been a blend of several North Sea oil types: Brent, Forties, Oseberg, and Ekofisk, sourced from offshore fields between Norway and the UK. The discount in price between these BRENT varieties and URALS ranges from $8 to $15 per barrel. The main trading platforms for crude oil are international commodity exchanges such as NYMEX (WTI, USA), ICE (Brent, Europe), regional exchanges like SPBMTSB (Urals, Russia), and SGX (Asia). Trading is conducted via futures and spot contracts linked to benchmark oil brands: American WTI, European Brent, and Asian Dubai/Oman, which together form the global pricing landscape. The report was presented by Yuliya Grishchenko, a member of the Listing Expert Council at the Moscow Exchange, Ph.D. in Economics, and head of the Financial and Investment Management Department at the Higher School of Management, Financial University under the Russian Government.

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