Oil Futures Trade at $68 per Barrel

© ООО Региональные новости

Oil futures are trading at $68 per barrel.

On Wednesday, the North Sea benchmark crude oil, Brent, is trading at $67.88 per barrel, marking a 0.5% increase in price.

Russian export blend Urals, which includes heavy sour crude from the Urals-Volga region and light West Siberian crude known as Siberian Light, is trading at $53.88 per barrel.

The price difference between Brent and Urals 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 crudes: American WTI, European Brent, and Asian Dubai/Oman, which together form the global pricing landscape.

This overview was presented by Yulia Grishchenko, Ph.D., member of the Expert Council on Listing at the Moscow Exchange, 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.