Brent Crude Trades at $111 per Barrel on Tuesday

© Региональные новости

On Tuesday, the North Sea benchmark crude oil, Brent, is trading at $111 per barrel, marking a 1.2% increase in price.

Russian export blend Urals, which includes heavy sulfurous oil from the Urals-Volga region and light Western Siberian oil known as Siberian Light, is trading near $109 per barrel.

The price discount between Brent and Urals grades 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 SPIMES (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 form the global pricing landscape.

This overview was presented by Alexey Grishchenko, Ph.D., Professor of the Department of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.