Brent Crude Oil Prices Hit $67.80 per Barrel on Monday

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On Monday, the price of BRENT crude oil, a benchmark North Sea grade, stands at $67.80 per barrel, with a daily decline of 0.1% in the value of black gold.

Russian export crude URALS, a blend of heavy high-sulfur oil from the Urals-Volga region and light Western Siberian oil known as SIBERIAN LIGHT, is valued at $56.30 per barrel.

The price discount between these grades, BRENT and URALS, ranges from $8 to $15 per barrel.

Major trading platforms for crude 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 is conducted through futures and spot contracts linked to benchmark crude grades: American WTI, European Brent, and Asian Dubai/Oman, which shape the global pricing landscape.

This analysis was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operations and Industry Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.