Brent Crude Trades at $111 per Barrel on Tuesday

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On Tuesday, the benchmark North Sea crude oil, Brent, is trading at $111 per barrel, marking a 3% increase in value.

Russian export blend Urals, which includes heavy sour crude from the Urals-Volga region and light West Siberian crude Siberian Light, is trading close to $107 per barrel.

The price discount between Brent and Urals grades ranges from $8 to $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 grades: American WTI, European Brent, and Asian Dubai/Oman, shaping the global pricing landscape.

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